Bank failure · CO

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

Security Bank of Boulder of Boulder, Colorado was closed on June 2, 1988 and resolved through a purchase and assumption. First Nb in Boulder (CO) took over its insured deposits. At failure it held $14.1M in assets and $13.8M in deposits. The FDIC's estimated loss on the failure is $305K (2.2% of assets).