Bank failure · CO

Gilpin County Bank (Black Hawk, CO) — failed July 19, 1985

Gilpin County Bank of Black Hawk, Colorado was closed on July 19, 1985 and resolved through a purchase and assumption. First Intrst Bk Golden N (CO) took over its insured deposits. At failure it held $3.9M in assets and $3.5M in deposits. The FDIC's estimated loss on the failure is $1.3M (34.4% of assets).