Data / Bank failures / 2004 / Bank of Ephraim
Bank of Ephraim, Ephraim, UT: failed June 25, 2004
Bank of Ephraim in Ephraim, Utah, failed on June 25, 2004. Far West Bank of Provo, UT, took over its deposits. It held $56.8 million in assets and $52.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3 million (5.3% of its assets). By assets it was the 2nd largest of 4 banks closed or assisted in 2004.
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The FDIC's record
- Closed
- June 25, 2004
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- Far West Bank, Provo, UT
- Total assets
- $56,774,000
- Total deposits
- $52,329,000
- Estimated cost to the FDIC
- $2,998,017 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- BIF
- FDIC certificate
- 1249
All bank failures in 2004 · All bank failures in Utah · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.