Bank failure · CO
First National Bank of Vail (Vail, CO) — failed October 5, 1989
First National Bank of Vail of Vail, Colorado was closed on October 5, 1989 and resolved through a purchase and assumption. Bank Northwest (CO) took over its insured deposits. At failure it held $3.6M in assets and $3.5M in deposits. The FDIC's estimated loss on the failure is $792K (22.2% of assets).
- Closing date
- October 5, 1989
- FDIC certificate #
- 25190
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank Northwest
- Insurance fund
- BIF
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