COLORADO S & L ASSOC. Failed 1989
What happened
COLORADO S & L ASSOC. of ENGLEWOOD, CO was closed on 1989-03-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COLORADO SB, FSB OF GRAND C (GRANBY, CO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2213
- FDIC Certificate
- 31935
- FDIC FIN
- 6956
- Bank name
- COLORADO S & L ASSOC.
- Location
- ENGLEWOOD, CO
- Failure date
- 1989-03-09
- FDIC resolution date
- 1990-02-09
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $27M
- Deposits at failure
- $53M
- Assets at failure
- $54M
- Acquiring bank
- COLORADO SB, FSB OF GRAND C (GRANBY, CO)