Bank failure · CO

Security Bank of Denver, N.A. (Denver, CO) — failed March 10, 1988

Security Bank of Denver, N.A. of Denver, Colorado was closed on March 10, 1988 and resolved through a purchase and assumption. City Center National Ban (CO) took over its insured deposits. At failure it held $17.0M in assets and $16.6M in deposits. The FDIC's estimated loss on the failure is $3.0M (17.8% of assets).