Bank failure · UT

Family Bank (Ogden, UT) — failed March 28, 1986

Family Bank of Ogden, Utah was closed on March 28, 1986 and resolved through a purchase and assumption. Commercial Security Bank (UT) took over its insured deposits. At failure it held $28.0M in assets and $24.7M in deposits. The FDIC's estimated loss on the failure is $2.8M (9.9% of assets).