Bank failure · CO
Mountain Valley Bank (Conifer, CO) — failed July 25, 1986
Mountain Valley Bank of Conifer, Colorado was closed on July 25, 1986 and resolved through a purchase and assumption. Bank of Mountain Valley (CO) took over its insured deposits. At failure it held $8.1M in assets and $7.3M in deposits. The FDIC's estimated loss on the failure is $580K (7.2% of assets).
- Closing date
- July 25, 1986
- FDIC certificate #
- 23021
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of Mountain Valley
- Insurance fund
- FDIC
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