HERITAGE BANK & TRUST Failed 1987

What happened

HERITAGE BANK & TRUST of SALT LAKE COUNTY, UT was closed on 1987-04-29. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to FIRST INTERSTATE BK OF U (SALT LAKE CITY, UT). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1424

FDIC Certificate

22548

FDIC FIN

6852

Bank name

HERITAGE BANK & TRUST

Location

SALT LAKE COUNTY, UT

Failure date

1987-04-29

FDIC resolution date

1987-04-29

Charter type

State commercial bank, Federal Reserve member

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$0M

Deposits at failure

$16M

Assets at failure

$18M

Acquiring bank

FIRST INTERSTATE BK OF U (SALT LAKE CITY, UT)