# NORTHERN BANK & TRUST

> **Failed bank** · FORT COLLINS, CO · failed 1989-06-15 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

NORTHERN BANK & TRUST of FORT COLLINS, CO was closed by regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $7M
- **Assets at failure:** $7M
- **Acquiring bank:** UNION COLONY BANK (GREELEY, CO)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=NORTHERN%20BANK%20%26%20TRUST

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, NORTHERN BANK & TRUST (FDIC ID 2389), failed 1989-06-15. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2389.

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