COMMONWEALTH BANK Failed 1987
What happened
COMMONWEALTH BANK of GLENDALE, CO was closed on 1987-04-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PRUDENTIAL BANK (DENVER, CO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1410
- FDIC Certificate
- 24161
- FDIC FIN
- 2674
- Bank name
- COMMONWEALTH BANK
- Location
- GLENDALE, CO
- Failure date
- 1987-04-09
- FDIC resolution date
- 1987-04-09
- 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.)
- $0M
- Deposits at failure
- $8M
- Assets at failure
- $8M
- Acquiring bank
- PRUDENTIAL BANK (DENVER, CO)
Other banks PRUDENTIAL BANK acquired in FDIC resolutions