Bank failure · CO

Midtown National Bank (Pueblo, CO) — failed October 30, 1981

Midtown National Bank of Pueblo, Colorado was closed on October 30, 1981 and resolved through a purchase and assumption. First Co Bank of Pueblo (CO) took over its insured deposits. At failure it held $10.6M in assets and $9.9M in deposits. The FDIC's estimated loss on the failure is $1.7M (16.0% of assets).