BANK OF LAKEWOOD, NATIONAL ASSOC Failed 1989

What happened

BANK OF LAKEWOOD, NATIONAL ASSOC of LAKEWOOD, CO was closed on 1989-04-27. The FDIC was named receiver.

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

Deposits were transferred to BANK OF LAKEWOOD (LAKEWOOD, CO). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2360

FDIC Certificate

23735

FDIC FIN

4011

Bank name

BANK OF LAKEWOOD, NATIONAL ASSOC

Location

LAKEWOOD, CO

Failure date

1989-04-27

FDIC resolution date

1989-04-27

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$3M

Deposits at failure

$8M

Assets at failure

$10M

Acquiring bank

BANK OF LAKEWOOD (LAKEWOOD, CO)