Bank failure · UT
America West Bank (Layton, UT) — failed May 1, 2009
America West Bank of Layton, Utah was closed on May 1, 2009 and resolved through a purchase and assumption. Cache Valley Bank (UT) took over its insured deposits. At failure it held $281.6M in assets and $286.0M in deposits. The FDIC's estimated loss on the failure is $114.4M (40.6% of assets).
- Closing date
- May 1, 2009
- FDIC certificate #
- 35461
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Cache Valley Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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