Bank failure · UT
Pioneer State Bank (Salt Lake City, UT) — failed January 24, 1986
Pioneer State Bank of Salt Lake City, Utah was closed on January 24, 1986 and resolved through a purchase and assumption. Zions First National Ban (UT) took over its insured deposits. At failure it held $11.7M in assets and $10.9M in deposits. The FDIC's estimated loss on the failure is $537K (4.6% of assets).
- Closing date
- January 24, 1986
- FDIC certificate #
- 22818
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Zions First National Ban
- Insurance fund
- FDIC
Other failures in 1986
- Citizens Bank & Trust Company LA
- Lincoln Fs&la KY
- Bank of Kansas City MO
- St. Louis Fs&la MO
- Lakeland State Bank MN
- Farmers State Bank TX
- First Bank & Trust Co. TX
- Lago Vista National Bank TX
- Landmark National Bank CO
- Barron County Fs&la WI
- First Savings of America IL
- Guaranty Federal Bank FSB WY
- The Citizens Bank of Windsor MO
- Cordell National Bank OK
- Firstsouth Fs&la AR
- Panhandle Bank & Trust Company TX
- Hays State Bank KS
- First National Bank of Stewartville MN
- Bank of Commerce TN
- Bank of Oklahoma, Okla. City, N.A. OK
- Gulf Federal Savings Bank LA
- First Security S&la CO
- First National Bank CA
- Norman Bank of Commerce OK