Bank failure · CO

First National Bank of Eads (Eads, CO) — failed February 14, 1985

First National Bank of Eads of Eads, Colorado was closed on February 14, 1985 and resolved through a purchase and assumption. Omnibank of Kiowa County (CO) took over its insured deposits. At failure it held $17.5M in assets and $16.7M in deposits. The FDIC's estimated loss on the failure is $4.6M (26.5% of assets).