TellerScore

Bank failure · CO

New Frontier Bank (Greeley, CO) — failed April 10, 2009

New Frontier Bank of Greeley, Colorado was closed on April 10, 2009 and resolved through a dinb. 0 (0) took over its insured deposits. At failure it held $1.8B in assets and $1.5B in deposits. The FDIC's estimated loss on the failure is $913.4M (51.5% of assets).

Closing date
April 10, 2009
FDIC certificate #
34881
Resolution
DINB (failure)
Acquiring institution
0
Insurance fund
DIF
Pre-failure filings
Last reported financials

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What happens when a bank fails