Bank failure · CO
Northern Bank & Trust (Fort Collins, CO) — failed June 15, 1989
Northern Bank & Trust of Fort Collins, Colorado was closed on June 15, 1989 and resolved through a purchase and assumption. Union Colony Bank (CO) took over its insured deposits. At failure it held $6.9M in assets and $6.6M in deposits. The FDIC's estimated loss on the failure is $776K (11.2% of assets).
- Closing date
- June 15, 1989
- FDIC certificate #
- 21999
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Union Colony Bank
- Insurance fund
- FDIC
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