Bank failure · CO

First America FSB (Longmont, CO) — failed March 16, 1990

First America FSB of Longmont, Colorado was closed on March 16, 1990 and resolved through a payout (deposit payoff). Branch Sale (NA) took over its insured deposits. At failure it held $187.4M in assets and $146.8M in deposits. The FDIC's estimated loss on the failure is $41.3M (22.0% of assets).