Bank failure · CO

First Fs&la of Craig (Craig, CO) — failed March 10, 1988

First Fs&la of Craig of Craig, Colorado was closed on March 10, 1988 and resolved through a a/a. Great West Savings Bank FSB (CO) took over its insured deposits. At failure it held $30.1M in assets and $33.0M in deposits. The FDIC's estimated loss on the failure is $5.5M (18.3% of assets).