FIRST CHARTER BANK Failed 1987
What happened
FIRST CHARTER BANK of DENVER, CO was closed on 1987-01-15. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CENTURY BANK&TRUST (DENVER, CO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1339
- FDIC Certificate
- 23829
- FDIC FIN
- 2635
- Bank name
- FIRST CHARTER BANK
- Location
- DENVER, CO
- Failure date
- 1987-01-15
- FDIC resolution date
- 1987-01-15
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $9M
- Assets at failure
- $10M
- Acquiring bank
- CENTURY BANK&TRUST (DENVER, CO)