COLORADO SAVINGS BANK Failed 1989
What happened
COLORADO SAVINGS BANK of STERLING, CO was closed on 1989-09-28. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to COLORADO FSB (STERLING, CO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2516
- FDIC Certificate
- 32507
- FDIC FIN
- 7116
- Bank name
- COLORADO SAVINGS BANK
- Location
- STERLING, CO
- Failure date
- 1989-09-28
- FDIC resolution date
- 1990-06-29
- Charter type
- Savings bank
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $13M
- Assets at failure
- $12M
- Acquiring bank
- COLORADO FSB (STERLING, CO)