# COLORADO SAVINGS BANK

> **Failed bank** · STERLING, CO · failed 1989-09-28 · Savings bank · FDIC cost $2M

## What happened

COLORADO SAVINGS BANK of STERLING, CO was closed by state regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $13M
- **Assets at failure:** $12M
- **Acquiring bank:** COLORADO FSB (STERLING, CO)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COLORADO SAVINGS BANK (FDIC ID 2516), failed 1989-09-28. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2516.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*