Bank failure · CO

Citizens National Bank (Limon, CO) — failed March 29, 1991

Citizens National Bank of Limon, Colorado was closed on March 29, 1991 and resolved through a insured deposit transfer. First National Bank of Limo (CO) took over its insured deposits. At failure it held $11.4M in assets and $11.3M in deposits. The FDIC's estimated loss on the failure is $3.0M (26.4% of assets).