Bank failure · CO
Colorado S & L Assoc. (Englewood, CO) — failed March 9, 1989
Colorado S & L Assoc. of Englewood, Colorado was closed on March 9, 1989 and resolved through a purchase and assumption. Colorado Sb, FSB of Grand C (CO) took over its insured deposits. At failure it held $54.3M in assets and $53.0M in deposits. The FDIC's estimated loss on the failure is $26.8M (49.4% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 31935
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Colorado Sb, FSB of Grand C
- Insurance fund
- RTC
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