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Regulators close First Arizona Savings

WASHINGTON (Reuters) - The Federal Deposit Insurance Corp said on Friday that regulators had closed First Arizona Savings of Scottsdale, Arizona.

First Arizona had approximately $272.2 million in total assets and $198.8 million in total deposits.

The bank was closed by the Office of Thrift Supervision, which appointed the FDIC as receiver.

Reporting by Doug Palmer; Editing by Gary Hill

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