TellerScore

Bank failure · CO

Bank of Aurora (Aurora, CO) — failed May 24, 1989

Bank of Aurora of Aurora, Colorado was closed on May 24, 1989 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $6.9M in assets and $6.6M in deposits. The FDIC's estimated loss on the failure is $2.5M (35.8% of assets).

Closing date
May 24, 1989
FDIC certificate #
24917
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

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What happens when a bank fails