Bank failure · CO

The Bank of Westminster (Westminster, CO) — failed June 22, 1988

The Bank of Westminster of Westminster, Colorado was closed on June 22, 1988 and resolved through a purchase and assumption. First Nb Westminster (CO) took over its insured deposits. At failure it held $6.5M in assets and $6.6M in deposits. The FDIC's estimated loss on the failure is $81K (1.2% of assets).