# FIRST CONTINENTAL BK OF ROCKRIMMON, N.A.

> **Failed bank** · COLORADO SPRINGS, CO · failed 1987-07-09 · National commercial bank (OCC-chartered) · FDIC cost $4M

## What happened

FIRST CONTINENTAL BK OF ROCKRIMMON, N.A. of COLORADO SPRINGS, CO was closed by the OCC on **1987-07-09**. The FDIC was named receiver.

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

Deposits were transferred to **VALLEY BANK** (SECURITY, CO). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1468
- **FDIC Certificate:** 25652
- **FDIC FIN:** 2708
- **Bank name:** FIRST CONTINENTAL BK OF ROCKRIMMON, N.A.
- **Location:** COLORADO SPRINGS, CO
- **Failure date:** 1987-07-09
- **FDIC resolution date:** 1987-07-09
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $6M
- **Assets at failure:** $7M
- **Acquiring bank:** VALLEY BANK (SECURITY, CO)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20CONTINENTAL%20BK%20OF%20ROCKRIMMON%2C%20N.A.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST CONTINENTAL BK OF ROCKRIMMON, N.A. (FDIC ID 1468), failed 1987-07-09. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/failed-bank/1468.

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