SECURITY BANK OF AURORA Failed 1988
What happened
SECURITY BANK OF AURORA of AURORA, CO was closed on 1988-06-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SECURITY BANK OF COLORAD (AURORA, CO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1766
- FDIC Certificate
- 22111
- FDIC FIN
- 2823
- Bank name
- SECURITY BANK OF AURORA
- Location
- AURORA, CO
- Failure date
- 1988-06-02
- FDIC resolution date
- 1988-06-02
- 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
- $10M
- Assets at failure
- $11M
- Acquiring bank
- SECURITY BANK OF COLORAD (AURORA, CO)