Bank failure · UT
Sunfirst Bank (Saint George, UT) — failed November 4, 2011
Sunfirst Bank of Saint George, Utah was closed on November 4, 2011 and resolved through a purchase and assumption. Cache Valley Bank (UT) took over its insured deposits. At failure it held $198.1M in assets and $169.1M in deposits. The FDIC's estimated loss on the failure is $43.6M (22.0% of assets).
- Closing date
- November 4, 2011
- FDIC certificate #
- 57087
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Cache Valley Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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