Failures by State
Bank Failures in Utah
27 FDIC-insured banks headquartered in Utah have failed since 1969. The most recent was Proficio Bank on March 3, 2017. The worst year was 1986, with 4 failures. Failed banks held $7.66B in assets at closing.
27
Failures
1969 to 2017
$7.66B
Failed assets
At closing
$1.49B
Estimated DIF loss
FDIC estimate
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All Utah events
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Largest bank failures in Utah
| Date | Bank | Assets |
|---|---|---|
| Feb 17, 1989 | American S & La | $2.18B |
| Mar 19, 2010 | Advanta Bank Corp. | $1.53B |
| Jan 15, 2010 | Barnes Banking Company | $709.2M |
| Apr 12, 1985 | State S&LA | $639.0M |
| Jan 26, 1990 | Williamsburg FS & La | $310.5M |
| Jan 30, 2009 | Magnet Bank | $300.7M |
| Sep 21, 1988 | Mountainwest S&LA | $284.5M |
| May 1, 2009 | America West Bank | $281.6M |
| Feb 17, 1989 | Mountainwest S & L Assoc. | $241.5M |
| Mar 5, 2010 | Centennial Bank | $212.8M |
Utah bank failures by year
Every bank failure in Utah
| Date | Bank | Assets |
|---|---|---|
| Mar 3, 2017 | Proficio Bank | $68.2M |
| Nov 4, 2011 | Sunfirst Bank | $198.1M |
| Mar 19, 2010 | Advanta Bank Corp. | $1.53B |
| Mar 5, 2010 | Centennial Bank | $212.8M |
| Jan 15, 2010 | Barnes Banking Company | $709.2M |
| May 1, 2009 | America West Bank | $281.6M |
| Jan 30, 2009 | Magnet Bank | $300.7M |
| Jun 25, 2004 | Bank of Ephraim | $56.8M |
| Jul 5, 1990 | Home SB, FSB | $12.8M |
| Jan 26, 1990 | Williamsburg FS & La | $310.5M |
| Feb 17, 1989 | American S & La | $2.18B |
| Feb 17, 1989 | Mountainwest S & L Assoc. | $241.5M |
| Feb 10, 1989 | Deseret S & L Assoc. | $159.3M |
| Sep 21, 1988 | Mountainwest S&LA | $284.5M |
| May 27, 1988 | Sandy State Bank | $8.9M |
| Feb 12, 1988 | Basin State Bank | $12.0M |
| Aug 28, 1987 | Rocky Mountain State Bank | $18.6M |
| Apr 29, 1987 | Heritage Bank & Trust | $17.6M |
| Apr 10, 1987 | Bank of Iron County | $19.8M |
| Apr 16, 1986 | Summit S&LA | $210.7M |
| Mar 28, 1986 | Family Bank | $28.0M |
| Jan 24, 1986 | Utah FirstBank | $38.5M |
| Jan 24, 1986 | Pioneer State Bank | $11.7M |
| Oct 18, 1985 | The Citizens Bank | $93.5M |
| Apr 12, 1985 | State S&LA | $639.0M |
| Dec 4, 1984 | Golden Spike State Bank | $7.8M |
| Oct 10, 1969 | The First National Bank of Coalville | $6.6M |
Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.
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