Bank failure · CO

The Citizens Bank of Pagosa Springs (Pagosa Springs, CO) — failed October 25, 1991

The Citizens Bank of Pagosa Springs of Pagosa Springs, Colorado was closed on October 25, 1991 and resolved through a purchase and assumption. Citizens Bank of Pagosa Spr (CO) took over its insured deposits. At failure it held $17.3M in assets and $16.6M in deposits. The FDIC's estimated loss on the failure is $2.1M (11.9% of assets).