NORTHERN BANK & TRUST Failed 1989

FORT COLLINS, CO · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

NORTHERN BANK & TRUST of FORT COLLINS, CO was closed on 1989-06-15. The FDIC was named receiver.

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

Deposits were transferred to UNION COLONY BANK (GREELEY, CO). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2389
FDIC Certificate
21999
FDIC FIN
4027
Bank name
NORTHERN BANK & TRUST
Location
FORT COLLINS, CO
Failure date
1989-06-15
FDIC resolution date
1989-06-15
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.)
$1M
Deposits at failure
$7M
Assets at failure
$7M
Acquiring bank
UNION COLONY BANK (GREELEY, CO)