- Business
- Gold Canyon Bank (GCYO) operates as a full-service commercial bank offering deposit accounts, including checking and savings; consumer, commercial, and real estate loans; and other standard banking services to individuals and businesses in Arizona. Headquartered at 6641 S. Kings Ranch Road in Gold Canyon, Arizona, the bank was established on April 26, 2006, as a state-chartered institution supervised by the Federal Reserve with FDIC certificate number 58066. At closure, it held approximately $42 million in total assets and $41.7 million in deposits, primarily serving the local Gold Canyon community.
The bank failed on April 5, 2013, due to regulatory intervention by the Arizona Department of Financial Institutions amid financial difficulties, marking it as an inactive entity absorbed with FDIC assistance by First Scottsdale Bank, National Association (FDIC certificate 58744). Subsequent to the acquisition, First Scottsdale Bank merged into Arizona Bank & Trust on September 12, 2015, effectively ending standalone operations of Gold Canyon Bank. No recent partnerships, funding rounds, acquisitions, or operational changes have occurred involving Gold Canyon Bank, as it remains closed with no active banking license or services. The associated stock ticker GCYO now references legacy or inactive trading data without ongoing business activity.