Bank failure · CO
The First National Bank of Brush (Brush, CO) — failed October 8, 1987
The First National Bank of Brush of Brush, Colorado was closed on October 8, 1987 and resolved through a purchase and assumption. First Security Bank (CO) took over its insured deposits. At failure it held $20.9M in assets and $21.0M in deposits. The FDIC's estimated loss on the failure is $3.3M (15.8% of assets).
- Closing date
- October 8, 1987
- FDIC certificate #
- 2998
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Security Bank
- Insurance fund
- FDIC
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