# PIONEER BANK OF FOUNTAIN

> **Failed bank** · FOUNTAIN, CO · failed 1987-10-21 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

PIONEER BANK OF FOUNTAIN of FOUNTAIN, CO was closed by regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $12M
- **Assets at failure:** $13M
- **Acquiring bank:** GREEN MOUNTAIN BANK (LAKEWOOD, CO)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PIONEER%20BANK%20OF%20FOUNTAIN

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PIONEER BANK OF FOUNTAIN (FDIC ID 1541), failed 1987-10-21. Retrieved via AI Analytics 2026-07-12 from https://api.ai-analytics.org/failed-bank/1541.

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