FDIC Closes Books on Two Defunct Banks After Asset Fire Sale
Published Date: 5/6/2026
Notice
Summary
The FDIC is wrapping up its work with two banks, America West Bank and Washington Federal Bank for Savings, and plans to officially end their receiverships in about 30 days. This means all assets are sold, final payments to creditors are coming, and the receiverships won’t continue because they’re no longer needed. If anyone wants to share thoughts, they have 30 days to write in before the shutdown happens.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Receiverships Ending; Final Creditor Payouts
The FDIC says it has completed liquidating America West Bank (receivership appointed 05/01/2009) and Washington Federal Bank for Savings (receivership appointed 12/15/2017). The FDIC will make final dividend payments to proven creditors as permitted by available funds and law, and the receiverships will be terminated no sooner than 30 days after this notice (dated May 1, 2026).
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