Bank failure · CO
Rocky Mountain S & L Assoc. (Woodland Park, CO) — failed March 9, 1989
Rocky Mountain S & L Assoc. of Woodland Park, Colorado was closed on March 9, 1989 and resolved through a purchase and assumption. Mountain Nb (CO) took over its insured deposits. At failure it held $18.2M in assets and $18.0M in deposits. The FDIC's estimated loss on the failure is $10.2M (56.0% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 32046
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Mountain Nb
- Insurance fund
- RTC
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