Data / Bank failures / 2010 / Barnes Banking Company
Barnes Banking Company, Kaysville, UT: failed January 15, 2010
Barnes Banking Company in Kaysville, Utah, failed on January 15, 2010. It held $709.2 million in assets and $697.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $106.8 million (15.1% of its assets). By assets it was the 30th largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- January 15, 2010
- Type
- Failure
- How it was resolved
- Deposit Insurance National Bank: the FDIC ran a temporary bank to pay depositors
- Total assets
- $709,171,000
- Total deposits
- $697,109,000
- Estimated cost to the FDIC
- $106,768,629 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- DIF
- FDIC certificate
- 1252
Other bank failures in Utah, 2008 to 2012
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Sunfirst Bank | Saint George | November 4, 2011 | $198.1 million | $169.1 million | $43.6 million | Cache Valley Bank |
| Advanta Bank Corp. | Draper | March 19, 2010 | $1.53 billion | $1.52 billion | $521.5 million | |
| Centennial Bank | Ogden | March 5, 2010 | $212.8 million | $205.1 million | $70.5 million | |
| America West Bank | Layton | May 1, 2009 | $281.6 million | $286 million | $114.4 million | Cache Valley Bank |
| Magnet Bank | Salt Lake City | January 30, 2009 | $300.7 million | $282.6 million | $170.1 million | |
| Merrill Lynch Bank USA (assistance) | Salt Lake City | January 16, 2009 | $61.81 billion | $53.62 billion |
All bank failures in 2010 · All bank failures in Utah · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. 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.