Bank failure · CO

Silverado S&la (Denver, CO) — failed December 9, 1988

Silverado S&la of Denver, Colorado was closed on December 9, 1988 and resolved through a abt. Columbia Savings, a Fs&la (OH) took over its insured deposits. At failure it held $2.3B in assets and $1.8B in deposits. The FDIC's estimated loss on the failure is $1.3B (56.1% of assets).