Bank failure · CO

The Gunnison Bank & Trust Co. (Gunnison, CO) — failed October 2, 1991

The Gunnison Bank & Trust Co. of Gunnison, Colorado was closed on October 2, 1991 and resolved through a a/a. The Gunnison Bank & Trust C (CO) took over its insured deposits. At failure it held $20.1M in assets and $19.3M in deposits. The FDIC's estimated loss on the failure is $1.5M (7.5% of assets).