Bank failure · CO
Cherry Creek National Bank (Denver, CO) — failed August 16, 1990
Cherry Creek National Bank of Denver, Colorado was closed on August 16, 1990 and resolved through a purchase and assumption. The Bank of Cherry Creek, N (CO) took over its insured deposits. At failure it held $85.8M in assets and $94.6M in deposits. The FDIC's estimated loss on the failure is $11.2M (13.0% of assets).
- Closing date
- August 16, 1990
- FDIC certificate #
- 17240
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The Bank of Cherry Creek, N
- Insurance fund
- BIF
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