# BANK OF EPHRAIM

> **Failed bank** · EPHRAIM, UT · failed 2004-06-25 · State commercial bank, Federal Reserve member · FDIC cost $3M

## What happened

BANK OF EPHRAIM of EPHRAIM, UT was closed by state regulators on **2004-06-25**. The FDIC was named receiver.

**Resolution:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to **FAR WEST BANK** (PROVO, UT). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3552
- **FDIC Certificate:** 1249
- **FDIC FIN:** 4665
- **Bank name:** BANK OF EPHRAIM
- **Location:** EPHRAIM, UT
- **Failure date:** 2004-06-25
- **FDIC resolution date:** 2004-06-25
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $52M
- **Assets at failure:** $57M
- **Acquiring bank:** FAR WEST BANK (PROVO, UT)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF EPHRAIM (FDIC ID 3552), failed 2004-06-25. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/3552.

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