Bank failure · CO
Heritage Fsa (Lamar, CO) — failed April 20, 1990
Heritage Fsa of Lamar, Colorado was closed on April 20, 1990 and resolved through a purchase and assumption. First Nb in Lamar (CO) took over its insured deposits. At failure it held $45.9M in assets and $44.3M in deposits. The FDIC's estimated loss on the failure is $8.2M (17.8% of assets).
- Closing date
- April 20, 1990
- FDIC certificate #
- 30301
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Nb in Lamar
- Insurance fund
- RTC
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