Bank failure · UT

Golden Spike State Bank (Tremonton, UT) — failed December 4, 1984

Golden Spike State Bank of Tremonton, Utah was closed on December 4, 1984 and resolved through a purchase and assumption. Golden Spike Bank (UT) took over its insured deposits. At failure it held $7.8M in assets and $7.3M in deposits. The FDIC's estimated loss on the failure is $3.6M (45.9% of assets).