# COMMONWEALTH BANK

> **Failed bank** · GLENDALE, CO · failed 1987-04-09 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $0M

## What happened

COMMONWEALTH BANK of GLENDALE, CO was closed by regulators 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
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $8M
- **Assets at failure:** $8M
- **Acquiring bank:** PRUDENTIAL BANK (DENVER, CO)

## Other banks PRUDENTIAL BANK has acquired in FDIC resolutions

- CITIZENS BANK OF GLENDALE (DENVER, CO) — failed 1987-08-27 — /failed-bank/1505

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMONWEALTH BANK (FDIC ID 1410), failed 1987-04-09. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/failed-bank/1410.

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