Bank Failure
Sunfirst Bank
BankRegReports is independent of Sunfirst Bank and never asks for online banking logins or passwords.
Closed November 4, 2011 · Saint George, UT · FDIC Cert #57087.
- Closing date
- November 4, 2011
- Headquarters
- Saint George, UT
- FDIC Certificate
- 57087
- Total assets at closing
- $198.1M
- Total deposits at closing
- $169.1M
- Estimated loss to the insurance fund
- $43.6M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Cache Valley Bank
Context
On November 4, 2011, regulators closed Sunfirst Bank, headquartered in Saint George, UT. At closing, the institution held approximately $198.1M in assets and $169.1M in deposits. The FDIC record names Cache Valley Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $43.6M.
By assets at closing this is the 784th largest of the 3,526 bank failures in the FDIC record, and the 47th of 92 in 2011. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Sunfirst Bank fail?
Sunfirst Bank was closed by regulators on November 4, 2011.
Who acquired Sunfirst Bank?
The FDIC record names Cache Valley Bank as the acquiring institution in the resolution of Sunfirst Bank.
How big was Sunfirst Bank when it failed?
Sunfirst Bank had approximately $198.1M in total assets and $169.1M in deposits at the time of failure.
Other failures in 2011
| Date | Bank | Assets |
|---|---|---|
| Dec 16, 2011 | Western National Bank | $162.9M |
| Dec 16, 2011 | Premier Community Bank of the Emerald Coast | $126.0M |
| Nov 18, 2011 | Central Progressive Bank | $383.1M |
| Nov 18, 2011 | Polk County Bank | $91.6M |
| Nov 10, 2011 | Community Bank of Rockmart | $62.4M |
| Nov 4, 2011 | Mid City Bank, Inc. | $106.1M |
| Oct 28, 2011 | All American Bank | $34.8M |
| Oct 21, 2011 | Community Banks of Colorado | $1.28B |
Explore: all failures · UT bank events · 2011 events · events hub