Bank failure · CO

Bestbank (Boulder, CO) — failed July 23, 1998

Bestbank of Boulder, Colorado was closed on July 23, 1998 and resolved through a purchase and assumption (insured deposits). The Pueblo Bank and Trust C (CO) took over its insured deposits. At failure it held $233.2M in assets and $206.3M in deposits. The FDIC's estimated loss on the failure is $218.6M (93.7% of assets).