Bank failure · UT
Deseret S & L Assoc. (Salt Lake City, UT) — failed February 10, 1989
Deseret S & L Assoc. of Salt Lake City, Utah was closed on February 10, 1989 and resolved through a purchase and assumption. Zions First Nb (UT) took over its insured deposits. At failure it held $159.3M in assets and $177.7M in deposits. The FDIC's estimated loss on the failure is $88.0M (55.3% of assets).
- Closing date
- February 10, 1989
- FDIC certificate #
- 28553
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Zions First Nb
- Insurance fund
- RTC
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