PIONEER BANK OF FOUNTAIN Failed 1987
What happened
PIONEER BANK OF FOUNTAIN of FOUNTAIN, CO was closed on 1987-10-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to GREEN MOUNTAIN BANK (LAKEWOOD, CO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1541
- FDIC Certificate
- 19799
- FDIC FIN
- 2739
- Bank name
- PIONEER BANK OF FOUNTAIN
- Location
- FOUNTAIN, CO
- Failure date
- 1987-10-21
- FDIC resolution date
- 1987-10-21
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $12M
- Assets at failure
- $13M
- Acquiring bank
- GREEN MOUNTAIN BANK (LAKEWOOD, CO)