Bank failure · CO
Bank of Choice (Greeley, CO) — failed July 22, 2011
Bank of Choice of Greeley, Colorado was closed on July 22, 2011 and resolved through a purchase and assumption. Bank Midwest, National Association (MO) took over its insured deposits. At failure it held $954.1M in assets and $818.7M in deposits. The FDIC's estimated loss on the failure is $135.6M (14.2% of assets).
- Closing date
- July 22, 2011
- FDIC certificate #
- 2994
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank Midwest, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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