# BANK OF IRON COUNTY

> **Failed bank** · PAROWAN, UT · failed 1987-04-10 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $4M

## What happened

BANK OF IRON COUNTY of PAROWAN, UT was closed by regulators on **1987-04-10**. The FDIC was named receiver.

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

Deposits were transferred to **DIXIE STATE BANK** (ST. GEORGE, UT). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1413
- **FDIC Certificate:** 16617
- **FDIC FIN:** 2676
- **Bank name:** BANK OF IRON COUNTY
- **Location:** PAROWAN, UT
- **Failure date:** 1987-04-10
- **FDIC resolution date:** 1987-04-10
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $19M
- **Assets at failure:** $20M
- **Acquiring bank:** DIXIE STATE BANK (ST. GEORGE, UT)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF IRON COUNTY (FDIC ID 1413), failed 1987-04-10. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/1413.

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