Data / Bank failures / 1990 / Home SB, FSB
Home SB, FSB, Salt Lake City, UT: failed July 5, 1990
Home SB, FSB in Salt Lake City, Utah, failed on July 5, 1990. Zions First NB of Salt Lake City, UT, took over its deposits. It held $12.8 million in assets and $9.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $217,701 (1.7% of its assets). By assets it was the 351st largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- July 5, 1990
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- Zions First NB, Salt Lake City, UT
- Total assets
- $12,775,000
- Total deposits
- $9,890,000
- Estimated cost to the FDIC
- $217,701 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 32037
Other bank failures in Utah, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Williamsburg FS & La | Salt Lake City | January 26, 1990 | $310.5 million | $257.7 million | $31.1 million | |
| Mountainwest S & L Assoc. | Ogden | February 17, 1989 | $241.5 million | $227.5 million | $71.4 million | Mountainwest Financial |
| American S & La | Salt Lake City | February 17, 1989 | $2.18 billion | $1.39 billion | $152.5 million | Pacific First FSB |
| Deseret S & L Assoc. | Salt Lake City | February 10, 1989 | $159.3 million | $177.7 million | $88 million | Zions First NB |
| 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 |
Other failed banks Zions First NB took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Deseret S & L Assoc. | Salt Lake City | UT | February 10, 1989 | $159.3 million | $177.7 million | $88 million | Zions First NB |
All bank failures in 1990 · All bank failures in Utah · Every failed bank Zions First NB took over · 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.