AMERICA WEST BANK Failed 2009
What happened
AMERICA WEST BANK of LAYTON, UT was closed on 2009-05-01. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CACHE VALLEY BANK (LOGAN, UT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3624
- FDIC Certificate
- 35461
- FDIC FIN
- 10057
- Bank name
- AMERICA WEST BANK
- Location
- LAYTON, UT
- Failure date
- 2009-05-01
- FDIC resolution date
- 2009-05-01
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $114M
- Deposits at failure
- $286M
- Assets at failure
- $282M
- Acquiring bank
- CACHE VALLEY BANK (LOGAN, UT)
Other banks CACHE VALLEY BANK acquired in FDIC resolutions