Failed Bank Information for SunFirst Bank, Saint George, UT
On Friday, November 4, 2011, SunFirst Bank was closed by the Utah Department of Financial Institutions. The FDIC was named Receiver. Cache Valley Bank, Logan, UT acquired all deposit accounts.
The FDIC as Receiver for SunFirst Bank, Saint George, UT has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on March 29, 2017 and has made all dividend distributions required by law.
Effective August 1, 2017, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Effective Date: August 1, 2017
Publication Date: March 29, 2017
Report on dividends paid
Official press release
Beware of scams!
Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
ACQUIRING INSTITUTION: CACHE VALLEY BANK
About Cache Valley Bank
All deposit accounts, excluding the Cede & Co. brokered deposits, were transferred to Cache Valley Bank, Logan, UT ("assuming institution"). Former SunFirst Bank locations reopened as branches of Cache Valley Bank.
Your transferred deposits were separately insured from any accounts you may have already had at Cache Valley Bank for at least six months after the failure of SunFirst Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Cache Valley Bank as long as the deposits are not pledged as collateral for loans.
Contacting Cache Valley Bank
You can contact Cache Valley Bank:
Cache Valley Bank
101 North Main Street
Logan, UT 84321
Cache Valley Bank (www.cachevalleybank.com)
Purchase & Assumption Agreement - PDF (10.5 Mb)
Agreement between FDIC and acquiring institution
Report on the bids to purchase the failed bank