Bank failure · CO
Pioneer Bank of Fountain (Fountain, CO) — failed October 21, 1987
Pioneer Bank of Fountain of Fountain, Colorado was closed on October 21, 1987 and resolved through a purchase and assumption. Green Mountain Bank (CO) took over its insured deposits. At failure it held $12.7M in assets and $12.2M in deposits. The FDIC's estimated loss on the failure is $1.1M (8.9% of assets).
- Closing date
- October 21, 1987
- FDIC certificate #
- 19799
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Green Mountain Bank
- Insurance fund
- FDIC
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