Stung by problem loans and the real estate slump, Arizona’s largest locally-based bank was closed by regulators Friday.

Scottsdale-based First National Bank becomes the sixth bank failure of 2008 and the first involving an Arizona institution since 2002.

http://www.azcentral.com/12news/news/articles/2008/07/26/20080726biz-FNBA-ON-CP.html