Bank failure · CO

Hereford State Bank (Hereford, CO) — failed August 24, 1984

Hereford State Bank of Hereford, Colorado was closed on August 24, 1984 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $2.7M in assets and $2.5M in deposits. The FDIC's estimated loss on the failure is $765K (28.3% of assets).