Bank failure · CO

Peoples State Bank of Meeker (Meeker, CO) — failed September 23, 1988

Peoples State Bank of Meeker of Meeker, Colorado was closed on September 23, 1988 and resolved through a insured deposit transfer. First Nb of Meeker (CO) took over its insured deposits. At failure it held $3.9M in assets and $3.8M in deposits. The FDIC's estimated loss on the failure is $807K (20.7% of assets).