MARKET NATIONAL BANK Failed 1987

What happened

MARKET NATIONAL BANK of DENVER, CO was closed on 1987-02-05. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to WOMENS BANK N A (DENVER, CO). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1356

FDIC Certificate

24274

FDIC FIN

5806

Bank name

MARKET NATIONAL BANK

Location

DENVER, CO

Failure date

1987-02-05

FDIC resolution date

1987-02-05

Charter type

National commercial bank (OCC-chartered)

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$4M

Deposits at failure

$9M

Assets at failure

$9M

Acquiring bank

WOMENS BANK N A (DENVER, CO)