SUNFIRST BANK Failed 2011
What happened
SUNFIRST BANK of SAINT GEORGE, UT was closed on 2011-11-04. 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
- 3977
- FDIC Certificate
- 57087
- FDIC FIN
- 10411
- Bank name
- SUNFIRST BANK
- Location
- SAINT GEORGE, UT
- Failure date
- 2011-11-04
- FDIC resolution date
- 2011-11-04
- 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.)
- $44M
- Deposits at failure
- $169M
- Assets at failure
- $198M
- Acquiring bank
- CACHE VALLEY BANK (LOGAN, UT)
Other banks CACHE VALLEY BANK acquired in FDIC resolutions