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Bank failure · CO

Bank of Winter Park (Winter Park, CO) — failed November 10, 1987

Bank of Winter Park of Winter Park, Colorado was closed on November 10, 1987 and resolved through a purchase and assumption. Bank of Aspen (CO) took over its insured deposits. At failure it held $24.4M in assets and $22.7M in deposits. The FDIC's estimated loss on the failure is $13.9M (56.9% of assets).

Closing date
November 10, 1987
FDIC certificate #
20597
Resolution
Purchase and assumption (failure)
Acquiring institution
Bank of Aspen
Insurance fund
FDIC

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What happens when a bank fails