# DESERET S & L ASSOC.

> **Failed bank** · SALT LAKE CITY, UT · failed 1989-02-10 · SL · FDIC cost $88M

## What happened

DESERET S & L ASSOC. of SALT LAKE CITY, UT was closed by state regulators on **1989-02-10**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 2093
- **FDIC Certificate:** 28553
- **FDIC FIN:** 7028
- **Bank name:** DESERET S & L ASSOC.
- **Location:** SALT LAKE CITY, UT
- **Failure date:** 1989-02-10
- **FDIC resolution date:** 1990-05-25
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $88M
- **Deposits at failure:** $178M
- **Assets at failure:** $159M
- **Acquiring bank:** ZIONS FIRST NB (SALT LAKE CITY, UT)

## Other banks ZIONS FIRST NB has acquired in FDIC resolutions

- HOME SB, FSB (SALT LAKE CITY, UT) — failed 1990-07-05 — /failed-bank/2838

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=DESERET%20S%20%26%20L%20ASSOC.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, DESERET S & L ASSOC. (FDIC ID 2093), failed 1989-02-10. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/2093.

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