Bank failure · CO

First Bank (Colorado Springs, CO) — failed October 6, 1989

First Bank of Colorado Springs, Colorado was closed on October 6, 1989 and resolved through a purchase and assumption. Colorado National Bank - Ex (CO) took over its insured deposits. At failure it held $36.0M in assets and $34.0M in deposits. The FDIC's estimated loss on the failure is $11.2M (31.0% of assets).