Bank failure · CO
Commonwealth Bank (Glendale, CO) — failed April 9, 1987
Commonwealth Bank of Glendale, Colorado was closed on April 9, 1987 and resolved through a purchase and assumption. Prudential Bank (CO) took over its insured deposits. At failure it held $7.8M in assets and $7.7M in deposits. The FDIC's estimated loss on the failure is $481K (6.2% of assets).
- Closing date
- April 9, 1987
- FDIC certificate #
- 24161
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Prudential Bank
- Insurance fund
- FDIC
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