Data / Bank failures / 1988 / Mountainwest S&LA
Mountainwest S&LA, Ogden, UT: failed September 21, 1988
Mountainwest S&LA in Ogden, Utah, failed on September 21, 1988. It held $284.5 million in assets and $262.3 million in deposits at its last report. By assets it was the 73rd largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- September 21, 1988
- Type
- Failure
- Total assets
- $284,465,000
- Total deposits
- $262,256,000
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 28118
Other bank failures in Utah, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Home SB, FSB | Salt Lake City | July 5, 1990 | $12.8 million | $9.9 million | $217,701 | Zions First NB |
| 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 |
| 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 |
All bank failures in 1988 · 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.