ROCKY MOUNTAIN STATE BANK Failed 1987
What happened
ROCKY MOUNTAIN STATE BANK of SALT LAKE CITY, UT was closed on 1987-08-28. 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
- 1506
- FDIC Certificate
- 22222
- FDIC FIN
- 2722
- Bank name
- ROCKY MOUNTAIN STATE BANK
- Location
- SALT LAKE CITY, UT
- Failure date
- 1987-08-28
- FDIC resolution date
- 1987-08-28
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $18M
- Assets at failure
- $19M
- Acquiring bank
- CITIBANK UTAH (SALT LAKE CITY, UT)
Other banks CITIBANK UTAH acquired in FDIC resolutions