Bank failure · CO
First Fed. S & LA of Colorado Spr. (Colorado Springs, CO) — failed March 9, 1989
First Fed. S & LA of Colorado Spr. of Colorado Springs, Colorado was closed on March 9, 1989 and resolved through a purchase and assumption. Western Nb of Co (CO) took over its insured deposits. At failure it held $354.9M in assets and $313.5M in deposits. The FDIC's estimated loss on the failure is $194.8M (54.9% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 28819
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Western Nb of Co
- Insurance fund
- RTC
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