TellerScore

Bank failure · CO

Colorado Capital Bank (Castle Rock, CO) — failed July 8, 2011

Colorado Capital Bank of Castle Rock, Colorado was closed on July 8, 2011 and resolved through a purchase and assumption. First-Citizens Bank & Trust Company (NC) took over its insured deposits. At failure it held $665.8M in assets and $635.2M in deposits. The FDIC's estimated loss on the failure is $254.9M (38.3% of assets).

Closing date
July 8, 2011
FDIC certificate #
34522
Resolution
Purchase and assumption (failure)
Acquiring institution
First-Citizens Bank & Trust Company
Insurance fund
DIF
Pre-failure filings
Last reported financials

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What happens when a bank fails