Bank failure · UT

Tracy-Collins Bank & Trust Company (Salt Lake City, UT) — failed December 30, 1988

Tracy-Collins Bank & Trust Company of Salt Lake City, Utah was closed on December 30, 1988 and resolved through a a/a. Continental Bank & Trust Co (UT) took over its insured deposits. At failure it held $213.3M in assets and $196.0M in deposits. The FDIC's estimated loss on the failure is $88K (0.0% of assets).