Data / Bank failures / 1988 / Tracy-Collins Bank & Trust Company
Tracy-Collins Bank & Trust Company, Salt Lake City, UT: received FDIC assistance December 30, 1988
Tracy-Collins Bank & Trust Company in Salt Lake City, Utah, received open bank assistance from the FDIC on December 30, 1988. It held $213.3 million in assets and $196 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $88,207 (0% of its assets). By assets it was the 101st largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- December 30, 1988
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Continental Bank & Trust Co, Salt Lake City, UT
- Total assets
- $213,259,000
- Total deposits
- $196,005,000
- Estimated cost to the FDIC
- $88,207 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- FDIC
- FDIC certificate
- 1259
Other bank failures in Utah, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Home SB, FSB | Salt Lake City | July 5, 1990 | $12.8 million | $9.9 million | $217,701 | Zions First NB |
| Williamsburg FS & La | Salt Lake City | January 26, 1990 | $310.5 million | $257.7 million | $31.1 million | |
| Mountainwest S & L Assoc. | Ogden | February 17, 1989 | $241.5 million | $227.5 million | $71.4 million | Mountainwest Financial |
| American S & La | Salt Lake City | February 17, 1989 | $2.18 billion | $1.39 billion | $152.5 million | Pacific First FSB |
| Deseret S & L Assoc. | Salt Lake City | February 10, 1989 | $159.3 million | $177.7 million | $88 million | Zions First NB |
| 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 |
All bank failures in 1988 · 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.