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Bank failure · CO

Sedgwick County Bank (Julesburg, CO) — failed November 5, 1986

Sedgwick County Bank of Julesburg, Colorado was closed on November 5, 1986 and resolved through a insured deposit transfer. First Nb of Julesburg (CO) took over its insured deposits. At failure it held $3.8M in assets and $3.7M in deposits. The FDIC's estimated loss on the failure is $1.5M (38.7% of assets).

Closing date
November 5, 1986
FDIC certificate #
23504
Resolution
Insured deposit transfer (failure)
Acquiring institution
First Nb of Julesburg
Insurance fund
FDIC

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What happens when a bank fails