ROCKY MOUNTAIN S & L ASSOC. Failed 1989

What happened

ROCKY MOUNTAIN S & L ASSOC. of WOODLAND PARK, 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 MOUNTAIN NB (WOODLAND PARK, CO). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2216

FDIC Certificate

32046

FDIC FIN

7095

Bank name

ROCKY MOUNTAIN S & L ASSOC.

Location

WOODLAND PARK, CO

Failure date

1989-03-09

FDIC resolution date

1990-06-22

Charter type

SL

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$10M

Deposits at failure

$18M

Assets at failure

$18M

Acquiring bank

MOUNTAIN NB (WOODLAND PARK, CO)