Copper Star Bank of Arizona on FDIC Failed Bank List. Accounts transferred to Stearns Bank of Minnesota. Depositors must claim FDIC-insured IRA, CD, Savings Accounts and Checking Accounts

	November 12, 2010: Copper Star Bank, Scottsdale, AZ was closed by the Arizona Department of Financial Institutions. The Federal Deposit Insurance Corporation was named receiver. Successor Bank: All deposits, excluding certain Cede & Co. deposits, have been transferred to Stearns Bank National Association, Saint Cloud, Minnesota. Stearns Bank National Association 4191 Second Street South Saint Cloud, MN 56303 History: Established in 2000 as Scottsdale Community Bank Changed name to Copper Star Bank ► Depositors must establish contact or the successor bank or the FDIC to reclaim their deposits. ► Not every depositor in a failed bank will receive notification from the FDIC, and there are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes. By law, accounts which go unclaimed for an extended period may be time barred, and safe deposit boxes can be drilled and the contents sold at auction. ► Additionally, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage. ► It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account. ► For assistance tracing and reclaiming a lost bank account or safe deposit box go to: Unclaimed Moneys Search
2010 FDIC Insured Failed Banks




Copper Star Bank 7555 East Redfield Road Scottsdale, AZ 85260
Established as Scottsdale Community Bank




Cost to FDIC: $44 million