Bank failure · CO
First Continental Bk of Rockrimmon, N.A. (Colorado Springs, CO) — failed July 9, 1987
First Continental Bk of Rockrimmon, N.A. of Colorado Springs, Colorado was closed on July 9, 1987 and resolved through a purchase and assumption. Valley Bank (CO) took over its insured deposits. At failure it held $6.6M in assets and $5.7M in deposits. The FDIC's estimated loss on the failure is $4.1M (62.8% of assets).
- Closing date
- July 9, 1987
- FDIC certificate #
- 25652
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Valley Bank
- Insurance fund
- FDIC
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