UTAH FIRSTBANK Failed 1986
What happened
UTAH FIRSTBANK of SALT LAKE CITY, UT was closed on 1986-01-24. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CITIBANK UTAH (SALT LAKE CITY, UT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1136
- FDIC Certificate
- 22715
- FDIC FIN
- 2531
- Bank name
- UTAH FIRSTBANK
- Location
- SALT LAKE CITY, UT
- Failure date
- 1986-01-24
- FDIC resolution date
- 1986-01-24
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $10M
- Deposits at failure
- $40M
- Assets at failure
- $38M
- Acquiring bank
- CITIBANK UTAH (SALT LAKE CITY, UT)
Other banks CITIBANK UTAH acquired in FDIC resolutions