CENTENNIAL STATE BANK OF COLORADO Failed 1986

What happened

CENTENNIAL STATE BANK OF COLORADO of ENGLEWOOD, CO was closed on 1986-05-23. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to FIRST INTRST BK CENTENNI (ENGLEWOOD, CO). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1199

FDIC Certificate

20912

FDIC FIN

2560

Bank name

CENTENNIAL STATE BANK OF COLORADO

Location

ENGLEWOOD, CO

Failure date

1986-05-23

FDIC resolution date

1986-05-23

Charter type

State commercial bank, non-Federal Reserve member (FDIC-supervised)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$2M

Deposits at failure

$20M

Assets at failure

$20M

Acquiring bank

FIRST INTRST BK CENTENNI (ENGLEWOOD, CO)