Bank failure · CO

Metropolitan Industrial Bank (Denver, CO) — failed April 15, 1988

Metropolitan Industrial Bank of Denver, Colorado was closed on April 15, 1988 and resolved through a insured deposit transfer. Resources Industrial Ban (CO) took over its insured deposits. At failure it held $12.4M in assets and $12.5M in deposits. The FDIC's estimated loss on the failure is $4.7M (38.0% of assets).