Data / Bank failures / 1985 / The Citizens Bank
The Citizens Bank, Ogden, UT: failed October 18, 1985
The Citizens Bank in Ogden, Utah, failed on October 18, 1985. Commercial Security Bank of Ogden, UT, took over its deposits. It held $93.5 million in assets and $85.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $33.9 million (36.3% of its assets). By assets it was the 50th largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- October 18, 1985
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Commercial Security Bank, Ogden, UT
- Total assets
- $93,459,000
- Total deposits
- $85,512,000
- Estimated cost to the FDIC
- $33,894,700 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 19383
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 |
Other failed banks Commercial Security Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Family Bank | Ogden | UT | March 28, 1986 | $28 million | $24.7 million | $2.8 million | Commercial Security Bank |
All bank failures in 1985 · All bank failures in Utah · Every failed bank Commercial Security 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.