CITIZENS BANK OF GLENDALE Failed 1987
What happened
CITIZENS BANK OF GLENDALE of DENVER, CO was closed on 1987-08-27. 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
- 1505
- FDIC Certificate
- 25329
- FDIC FIN
- 2721
- Bank name
- CITIZENS BANK OF GLENDALE
- Location
- DENVER, CO
- Failure date
- 1987-08-27
- FDIC resolution date
- 1987-08-27
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $4M
- Assets at failure
- $4M
- Acquiring bank
- PRUDENTIAL BANK (DENVER, CO)
Other banks PRUDENTIAL BANK acquired in FDIC resolutions