FIRST INDUSTRIAL BANK OF ROCKY FORD Failed 1988
What happened
FIRST INDUSTRIAL BANK OF ROCKY FORD of ROCKY FORD, CO was closed on 1988-12-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NB OF ORDWAY (ORDWAY, CO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2016
- FDIC Certificate
- 90047
- FDIC FIN
- 2948
- Bank name
- FIRST INDUSTRIAL BANK OF ROCKY FORD
- Location
- ROCKY FORD, CO
- Failure date
- 1988-12-16
- FDIC resolution date
- 1988-12-16
- 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.)
- $7M
- Deposits at failure
- $11M
- Assets at failure
- $12M
- Acquiring bank
- FIRST NB OF ORDWAY (ORDWAY, CO)