27 failures since 1934 · $1.5 billion estimated loss
Bank failures in Utah
Utah has 27 bank failures on FDIC record since 1934, 0.8% of the national total and the 36th-highest count of any state or territory. The worst year was 1986, with 4. Since 2000 there have been 8; the most recent was Proficio Bank on March 3, 2017. The largest by assets was American Savings and Loan Association, A Federal Association of Salt Lake City, with $2.2 billion, in 1989.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| March 3, 2017 | Proficio Bank | Cottonwood Heights, UT | $68.2 million | $10.1 million |
| November 4, 2011 | SunFirst Bank | Saint George, UT | $198 million | $43.6 million |
| March 19, 2010 | Advanta Bank Corp. | Draper, UT | $1.5 billion | $522 million |
| March 5, 2010 | Centennial Bank | Ogden, UT | $213 million | $70.5 million |
| January 15, 2010 | Barnes Banking Company | Kaysville, UT | $709 million | $107 million |
| May 1, 2009 | America West Bank | Layton, UT | $282 million | $114 million |
| January 30, 2009 | MagnetBank | Salt Lake City, UT | $301 million | $170 million |
| June 25, 2004 | Bank of Ephraim | Ephraim, UT | $56.8 million | $3.0 million |
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| July 5, 1990 | Home Savings Bank | Salt Lake City, UT | $12.8 million | $218 thousand |
| January 26, 1990 | Williamsburg Savings Bank | Salt Lake City, UT | $311 million | $31.1 million |
| February 17, 1989 | Mountainwest Savings and Loan Association, A Federal Savings and Loan As | Ogden, UT | $242 million | $71.4 million |
| February 17, 1989 | American Savings and Loan Association, A Federal Association | Salt Lake City, UT | $2.2 billion | $152 million |
| February 10, 1989 | Deseret Federal Savings and Loan Association | Salt Lake City, UT | $159 million | $88.0 million |
| September 21, 1988 | Mountainwest Savings and Loan | Ogden, UT | $284 million | not estimated |
| May 27, 1988 | Sandy State Bank | Sandy, UT | $8.9 million | $1.9 million |
| February 12, 1988 | Basin State Bank | Vernal, UT | $12.0 million | $3.4 million |
| August 28, 1987 | Rocky Mountain State Bank | Salt Lake City, UT | $18.6 million | $3.0 million |
| April 29, 1987 | Heritage Bank & Trust | Salt Lake County, UT | $17.6 million | $110 thousand |
| April 10, 1987 | Bank of Iron County | Parowan, UT | $19.8 million | $3.8 million |
| April 16, 1986 | Summit Savings and Loan Association | Park City, UT | $211 million | $46.1 million |
| March 28, 1986 | Family Bank | Ogden, UT | $28.0 million | $2.8 million |
| January 24, 1986 | Pioneer State Bank | Salt Lake City, UT | $11.7 million | $537 thousand |
| January 24, 1986 | Utah Firstbank | Salt Lake City, UT | $38.5 million | $10.3 million |
| October 18, 1985 | The Citizens Bank | Ogden, UT | $93.5 million | $33.9 million |
| April 12, 1985 | State Savings and Loan Association | Salt Lake City, UT | $639 million | none |
| December 4, 1984 | Golden Spike State Bank | Tremonton, UT | $7.8 million | $3.6 million |
| October 10, 1969 | The First National Bank of Coalville | Coalville, UT | $6.6 million | not estimated |