Bank failure · CO

Enterprise National Bank (Englewood, CO) — failed December 1, 1988

Enterprise National Bank of Englewood, Colorado was closed on December 1, 1988 and resolved through a purchase and assumption. Colonial National Bank (CO) took over its insured deposits. At failure it held $5.3M in assets and $5.1M in deposits. The FDIC's estimated loss on the failure is $1.6M (30.2% of assets).