Bank failure · CO
Colorado Savings Bank (Sterling, CO) — failed September 28, 1989
Colorado Savings Bank of Sterling, Colorado was closed on September 28, 1989 and resolved through a insured deposit transfer. Colorado FSB (CO) took over its insured deposits. At failure it held $12.3M in assets and $12.6M in deposits. The FDIC's estimated loss on the failure is $1.9M (15.7% of assets).
- Closing date
- September 28, 1989
- FDIC certificate #
- 32507
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Colorado FSB
- Insurance fund
- RTC
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