SOUTH DENVER NATIONAL BANK Failed 1987

What happened

SOUTH DENVER NATIONAL BANK of GLENDALE, CO was closed on 1987-06-25. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to FIRST NB OF SOUTHEAST DE (DENVER, CO). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1458

FDIC Certificate

18816

FDIC FIN

2702

Bank name

SOUTH DENVER NATIONAL BANK

Location

GLENDALE, CO

Failure date

1987-06-25

FDIC resolution date

1987-06-25

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$21M

Deposits at failure

$62M

Assets at failure

$60M

Acquiring bank

FIRST NB OF SOUTHEAST DE (DENVER, CO)