# PIONEER STATE BANK

> **Failed bank** · SALT LAKE CITY, UT · failed 1986-01-24 · State commercial bank, Federal Reserve member · FDIC cost $1M

## What happened

PIONEER STATE BANK of SALT LAKE CITY, UT was closed by state regulators on **1986-01-24**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **ZIONS FIRST NATIONAL BAN** (SALT LAKE CITY, UT). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1137
- **FDIC Certificate:** 22818
- **FDIC FIN:** 2532
- **Bank name:** PIONEER STATE BANK
- **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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $11M
- **Assets at failure:** $12M
- **Acquiring bank:** ZIONS FIRST NATIONAL BAN (SALT LAKE CITY, UT)

## Other banks ZIONS FIRST NATIONAL BAN has acquired in FDIC resolutions

- SANDY STATE BANK (SANDY, UT) — failed 1988-05-27 — /failed-bank/1762
- BASIN STATE BANK (VERNAL, UT) — failed 1988-02-12 — /failed-bank/1627

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PIONEER%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PIONEER STATE BANK (FDIC ID 1137), failed 1986-01-24. Retrieved via AI Analytics 2026-07-03 from https://api.ai-analytics.org/failed-bank/1137.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*