# THE BANK OF WESTMINSTER

> **Failed bank** · WESTMINSTER, CO · failed 1988-06-22 · State commercial bank, Federal Reserve member · FDIC cost $0M

## What happened

THE BANK OF WESTMINSTER of WESTMINSTER, CO was closed by state regulators on **1988-06-22**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST NB WESTMINSTER** (WESTMINSTER, CO). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1777
- **FDIC Certificate:** 23942
- **FDIC FIN:** 2832
- **Bank name:** THE BANK OF WESTMINSTER
- **Location:** WESTMINSTER, CO
- **Failure date:** 1988-06-22
- **FDIC resolution date:** 1988-06-22
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $7M
- **Assets at failure:** $7M
- **Acquiring bank:** FIRST NB WESTMINSTER (WESTMINSTER, CO)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE BANK OF WESTMINSTER (FDIC ID 1777), failed 1988-06-22. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/1777.

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