NORTH AMERICAN NATIONAL BANK Failed 1987

What happened

NORTH AMERICAN NATIONAL BANK of LITTLETON, CO was closed on 1987-05-07. The FDIC was named receiver.

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

Deposits were transferred to FIRSTBANK OF COLORADO NA (JEFFERSON COUNTY, CO). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1429

FDIC Certificate

24569

FDIC FIN

5857

Bank name

NORTH AMERICAN NATIONAL BANK

Location

LITTLETON, CO

Failure date

1987-05-07

FDIC resolution date

1987-05-07

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

$10M

Acquiring bank

FIRSTBANK OF COLORADO NA (JEFFERSON COUNTY, CO)