MOUNTAINWEST S & L ASSOC. Failed 1989
What happened
MOUNTAINWEST S & L ASSOC. of OGDEN, UT was closed on 1989-02-17. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MOUNTAINWEST FINANCIAL (SANDY, UT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2132
- FDIC Certificate
- 32621
- FDIC FIN
- 7029
- Bank name
- MOUNTAINWEST S & L ASSOC.
- Location
- OGDEN, UT
- Failure date
- 1989-02-17
- FDIC resolution date
- 1990-05-25
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $71M
- Deposits at failure
- $227M
- Assets at failure
- $242M
- Acquiring bank
- MOUNTAINWEST FINANCIAL (SANDY, UT)
- FDIC comments
- FSLIC-RTC Duplicate Failures