Bank failure · CO
United Western Bank (Denver, CO) — failed January 21, 2011
United Western Bank of Denver, Colorado was closed on January 21, 2011 and resolved through a purchase and assumption. First-Citizens Bank and Trust Company (NC) took over its insured deposits. At failure it held $2.2B in assets and $1.5B in deposits. The FDIC's estimated loss on the failure is $133.2M (6.2% of assets).
- Closing date
- January 21, 2011
- FDIC certificate #
- 31293
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First-Citizens Bank and Trust Company
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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