Bank failure · CO
First Charter Bank (Denver, CO) — failed January 15, 1987
First Charter Bank of Denver, Colorado was closed on January 15, 1987 and resolved through a purchase and assumption. Century Bank&trust (CO) took over its insured deposits. At failure it held $10.1M in assets and $9.3M in deposits. The FDIC's estimated loss on the failure is $3.0M (29.2% of assets).
- Closing date
- January 15, 1987
- FDIC certificate #
- 23829
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Century Bank&trust
- Insurance fund
- FDIC
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