Bank failure · CO
Middle Park Bank (Granby, CO) — failed November 10, 1987
Middle Park Bank of Granby, Colorado was closed on November 10, 1987 and resolved through a purchase and assumption. Bank of Kremmling (CO) took over its insured deposits. At failure it held $34.9M in assets and $33.0M in deposits. The FDIC's estimated loss on the failure is $14.9M (42.8% of assets).
- Closing date
- November 10, 1987
- FDIC certificate #
- 16966
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of Kremmling
- Insurance fund
- FDIC
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