Data / Bank failures / 1986 / Summit S&LA
Summit S&LA, Park City, UT: failed April 16, 1986
Summit S&LA in Park City, Utah, failed on April 16, 1986. It held $210.7 million in assets and $180.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $46.1 million (21.9% of its assets). By assets it was the 28th largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- April 16, 1986
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $210,684,000
- Total deposits
- $180,733,000
- Estimated cost to the FDIC
- $46,075,710 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31989
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 |
All bank failures in 1986 · 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.