# PROFICIO BANK

> **Failed bank** · COTTONWOOD HEIGHTS, UT · failed 2017-03-03 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $10M

## What happened

PROFICIO BANK of COTTONWOOD HEIGHTS, UT was closed by regulators on **2017-03-03**. 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:** 4091
- **FDIC Certificate:** 35495
- **FDIC FIN:** 10525
- **Bank name:** PROFICIO BANK
- **Location:** COTTONWOOD HEIGHTS, UT
- **Failure date:** 2017-03-03
- **FDIC resolution date:** 2017-03-03
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $10M
- **Deposits at failure:** $65M
- **Assets at failure:** $68M
- **Acquiring bank:** CACHE VALLEY BANK (LOGAN, UT)

## Other banks CACHE VALLEY BANK has acquired in FDIC resolutions

- SUNFIRST BANK (SAINT GEORGE, UT) — failed 2011-11-04 — /failed-bank/3977
- AMERICA WEST BANK (LAYTON, UT) — failed 2009-05-01 — /failed-bank/3624

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PROFICIO BANK (FDIC ID 4091), failed 2017-03-03. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/4091.

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