FIRST NATIONAL BANK OF VAIL Failed 1989
What happened
FIRST NATIONAL BANK OF VAIL of VAIL, CO was closed on 1989-10-05. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK NORTHWEST (STEAMBOAT SPRING, CO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2520
- FDIC Certificate
- 25190
- FDIC FIN
- 5999
- Bank name
- FIRST NATIONAL BANK OF VAIL
- Location
- VAIL, CO
- Failure date
- 1989-10-05
- FDIC resolution date
- 1989-10-05
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $3M
- Assets at failure
- $4M
- Acquiring bank
- BANK NORTHWEST (STEAMBOAT SPRING, CO)