Data / Bank failures / 2011 / Sunfirst Bank
Sunfirst Bank, Saint George, UT: failed November 4, 2011
Sunfirst Bank in Saint George, Utah, failed on November 4, 2011. Cache Valley Bank of Logan, UT, took over its deposits. It held $198.1 million in assets and $169.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $43.6 million (22% of its assets). By assets it was the 47th largest of 92 banks closed or assisted in 2011.
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The FDIC's record
- Closed
- November 4, 2011
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Cache Valley Bank, Logan, UT
- Total assets
- $198,081,000
- Total deposits
- $169,135,000
- Estimated cost to the FDIC
- $43,574,759 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 57087
Other bank failures in Utah, 2009 to 2013
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Advanta Bank Corp. | Draper | March 19, 2010 | $1.53 billion | $1.52 billion | $521.5 million | |
| Centennial Bank | Ogden | March 5, 2010 | $212.8 million | $205.1 million | $70.5 million | |
| Barnes Banking Company | Kaysville | January 15, 2010 | $709.2 million | $697.1 million | $106.8 million | |
| America West Bank | Layton | May 1, 2009 | $281.6 million | $286 million | $114.4 million | Cache Valley Bank |
| Magnet Bank | Salt Lake City | January 30, 2009 | $300.7 million | $282.6 million | $170.1 million | |
| Merrill Lynch Bank USA (assistance) | Salt Lake City | January 16, 2009 | $61.81 billion | $53.62 billion |
Other failed banks Cache Valley Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Proficio Bank | Cottonwood Heights | UT | March 3, 2017 | $68.2 million | $65 million | $10.1 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 2011 · 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.