Data / Bank failures / 1986 / Family Bank
Family Bank, Ogden, UT: failed March 28, 1986
Family Bank in Ogden, Utah, failed on March 28, 1986. Commercial Security Bank of Ogden, UT, took over its deposits. It held $28 million in assets and $24.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.8 million (9.9% of its assets). By assets it was the 114th largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- March 28, 1986
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Commercial Security Bank, Ogden, UT
- Total assets
- $27,979,000
- Total deposits
- $24,673,000
- Estimated cost to the FDIC
- $2,764,400 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 22432
Other bank failures in Utah, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Tracy-Collins Bank & Trust Company (assistance) | Salt Lake City | December 30, 1988 | $213.3 million | $196 million | $88,207 | Continental Bank & Trust Co |
| Mountainwest S&LA | Ogden | September 21, 1988 | $284.5 million | $262.3 million | ||
| Sandy State Bank | Sandy | May 27, 1988 | $8.9 million | $8 million | $1.9 million | Zions First National Ban |
| Basin State Bank | Vernal | February 12, 1988 | $12 million | $11.5 million | $3.4 million | Zions First National Ban |
| Rocky Mountain State Bank | Salt Lake City | August 28, 1987 | $18.6 million | $17.9 million | $3 million | Citibank Utah |
| Heritage Bank & Trust | Salt Lake County | April 29, 1987 | $17.6 million | $16.2 million | $109,734 | First Interstate BK of U |
| Bank of Iron County | Parowan | April 10, 1987 | $19.8 million | $19.5 million | $3.8 million | Dixie State Bank |
| Western S&LA (assistance) | Salt Lake City | March 24, 1987 | $392.7 million | $360.8 million | $478,000 | Crossland Savings FSB |
Other failed banks Commercial Security Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The Citizens Bank | Ogden | UT | October 18, 1985 | $93.5 million | $85.5 million | $33.9 million | Commercial Security Bank |
All bank failures in 1986 · All bank failures in Utah · Every failed bank Commercial Security Bank took over · 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.