Bank failure · CO

Security Bank of Aurora (Aurora, CO) — failed June 2, 1988

Security Bank of Aurora of Aurora, Colorado was closed on June 2, 1988 and resolved through a purchase and assumption. Security Bank of Colorad (CO) took over its insured deposits. At failure it held $10.9M in assets and $10.1M in deposits. The FDIC's estimated loss on the failure is $694K (6.4% of assets).