# FIRST FED. S & LA OF COLORADO SPR.

> **Failed bank** · COLORADO SPRINGS, CO · failed 1989-03-09 · SL · FDIC cost $195M

## What happened

FIRST FED. S & LA OF COLORADO SPR. of COLORADO SPRINGS, CO was closed by state regulators on **1989-03-09**. The FDIC was named receiver.

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

Deposits were transferred to **WESTERN NB OF CO** (COLORADO SPRINGS, CO). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2183
- **FDIC Certificate:** 28819
- **FDIC FIN:** 7117
- **Bank name:** FIRST FED. S & LA OF COLORADO SPR.
- **Location:** COLORADO SPRINGS, CO
- **Failure date:** 1989-03-09
- **FDIC resolution date:** 1990-06-29
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $195M
- **Deposits at failure:** $314M
- **Assets at failure:** $355M
- **Acquiring bank:** WESTERN NB OF CO (COLORADO SPRINGS, CO)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FED.%20S%20%26%20LA%20OF%20COLORADO%20SPR.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FED. S & LA OF COLORADO SPR. (FDIC ID 2183), failed 1989-03-09. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2183.

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