A failed Utah S&L; reopened with new owners.

Federal regulators who shut down State Savings & Loan late Friday assured depositors that their accounts would be protected under the S&L;’s new management. The failure of State Savings, which has 10 offices in Utah and 20 in Hawaii, was the largest in the history of the Federal Savings and Loan Insurance Corp. in terms of value of deposits. The Utah accounts, valued at $92.6 million, were taken over by Sandia Federal Savings & Loan of Albuquerque, N.M.; the Hawaii deposits, totaling $323.1 million, were secured by First Nationwide Savings of San Francisco.