# FIRST CHARTER BANK

> **Failed bank** · DENVER, CO · failed 1987-01-15 · State commercial bank, Federal Reserve member · FDIC cost $3M

## What happened

FIRST CHARTER BANK of DENVER, CO was closed by state regulators 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
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $9M
- **Assets at failure:** $10M
- **Acquiring bank:** CENTURY BANK&TRUST (DENVER, CO)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20CHARTER%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST CHARTER BANK (FDIC ID 1339), failed 1987-01-15. Retrieved via AI Analytics 2026-09-05 from https://api.ai-analytics.org/failed-bank/1339.

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