THE FIRST NATIONAL BANK OF BRUSH Failed 1987
What happened
THE FIRST NATIONAL BANK OF BRUSH of BRUSH, CO was closed on 1987-10-08. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST SECURITY BANK (FORT LUPTON, CO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1534
- FDIC Certificate
- 2998
- FDIC FIN
- 2737
- Bank name
- THE FIRST NATIONAL BANK OF BRUSH
- Location
- BRUSH, CO
- Failure date
- 1987-10-08
- FDIC resolution date
- 1987-10-08
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $21M
- Assets at failure
- $21M
- Acquiring bank
- FIRST SECURITY BANK (FORT LUPTON, CO)
Other banks FIRST SECURITY BANK acquired in FDIC resolutions