Bank failure · CO

The First National Bank of Springfield (Springfield, CO) — failed April 18, 1985

The First National Bank of Springfield of Springfield, Colorado was closed on April 18, 1985 and resolved through a purchase and assumption. Baca State Bank (CO) took over its insured deposits. At failure it held $15.3M in assets and $14.0M in deposits. The FDIC's estimated loss on the failure is $5.3M (34.8% of assets).