Bank failure · CO
Citizens Bank of Glendale (Denver, CO) — failed August 27, 1987
Citizens Bank of Glendale of Denver, Colorado was closed on August 27, 1987 and resolved through a purchase and assumption. Prudential Bank (CO) took over its insured deposits. At failure it held $4.4M in assets and $4.0M in deposits. The FDIC's estimated loss on the failure is $406K (9.3% of assets).
- Closing date
- August 27, 1987
- FDIC certificate #
- 25329
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Prudential Bank
- Insurance fund
- FDIC
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