TellerScore

Bank failure · CO

Chancery National Bank (Denver, CO) — failed May 9, 1990

Chancery National Bank of Denver, Colorado was closed on May 9, 1990 and resolved through a purchase and assumption. The Women'S Bank, N.A. (CO) took over its insured deposits. At failure it held $15.2M in assets and $14.9M in deposits. The FDIC's estimated loss on the failure is $2.4M (16.0% of assets).

Closing date
May 9, 1990
FDIC certificate #
25052
Resolution
Purchase and assumption (failure)
Acquiring institution
The Women'S Bank, N.A.
Insurance fund
BIF

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What happens when a bank fails