METROPOLITAN INDUSTRIAL BANK Failed 1988

What happened

METROPOLITAN INDUSTRIAL BANK of DENVER, CO was closed on 1988-04-15. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to RESOURCES INDUSTRIAL BAN (DENVER, CO). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1670

FDIC Certificate

90027

FDIC FIN

5937

Bank name

METROPOLITAN INDUSTRIAL BANK

Location

DENVER, CO

Failure date

1988-04-15

FDIC resolution date

1988-04-15

Charter type

State commercial bank, Federal Reserve member

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$5M

Deposits at failure

$12M

Assets at failure

$12M

Acquiring bank

RESOURCES INDUSTRIAL BAN (DENVER, CO)