Data / Bank failures / 1985 / State S&LA
State S&LA, Salt Lake City, UT: failed April 12, 1985
State S&LA in Salt Lake City, Utah, failed on April 12, 1985. It held $639 million in assets and $418 million in deposits at its last report. By assets it was the 11th largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- April 12, 1985
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Total assets
- $639,002,000
- Total deposits
- $417,950,000
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 28447
Other bank failures in Utah, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| Summit S&LA | Park City | April 16, 1986 | $210.7 million | $180.7 million | $46.1 million | |
| Family Bank | Ogden | March 28, 1986 | $28 million | $24.7 million | $2.8 million | Commercial Security Bank |
| Pioneer State Bank | Salt Lake City | January 24, 1986 | $11.7 million | $10.9 million | $537,223 | Zions First National Ban |
| Utah Firstbank | Salt Lake City | January 24, 1986 | $38.5 million | $39.6 million | $10.3 million | Citibank Utah |
All bank failures in 1985 · 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.