Bank failure · CO

Citizens National Bank (Colorado Springs, CO) — failed April 21, 1988

Citizens National Bank of Colorado Springs, Colorado was closed on April 21, 1988 and resolved through a insured deposit transfer. State B&t of Co Springs (CO) took over its insured deposits. At failure it held $18.3M in assets and $18.4M in deposits. The FDIC's estimated loss on the failure is $7.4M (40.5% of assets).