Bank failure · CO

Jefferson Bank & Trust (Lakewood, CO) — failed July 2, 1993

Jefferson Bank & Trust of Lakewood, Colorado was closed on July 2, 1993 and resolved through a purchase and assumption (insured deposits). Firstbank of Westland NA (CO) took over its insured deposits. At failure it held $127.1M in assets and $119.4M in deposits. The FDIC's estimated loss on the failure is $38.6M (30.3% of assets).