Data / Bank failures / 2017 / Proficio Bank
Proficio Bank, Cottonwood Heights, UT: failed March 3, 2017
Proficio Bank in Cottonwood Heights, Utah, failed on March 3, 2017. Cache Valley Bank of Logan, UT, took over its deposits. It held $68.2 million in assets and $65 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $10.1 million (14.9% of its assets). By assets it was the 6th largest of 8 banks closed or assisted in 2017.
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The FDIC's record
- Closed
- March 3, 2017
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Cache Valley Bank, Logan, UT
- Total assets
- $68,208,000
- Total deposits
- $65,042,000
- Estimated cost to the FDIC
- $10,138,032 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 35495
Other failed banks Cache Valley Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Sunfirst Bank | Saint George | UT | November 4, 2011 | $198.1 million | $169.1 million | $43.6 million | Cache Valley Bank |
| America West Bank | Layton | UT | May 1, 2009 | $281.6 million | $286 million | $114.4 million | Cache Valley Bank |
All bank failures in 2017 · All bank failures in Utah · Every failed bank Cache Valley 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.