# FIRST NATIONAL BANK OF VAIL

> **Failed bank** · VAIL, CO · failed 1989-10-05 · National commercial bank (OCC-chartered) · FDIC cost $1M

## What happened

FIRST NATIONAL BANK OF VAIL of VAIL, CO was closed by the OCC 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $3M
- **Assets at failure:** $4M
- **Acquiring bank:** BANK NORTHWEST (STEAMBOAT SPRING, CO)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20NATIONAL%20BANK%20OF%20VAIL

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST NATIONAL BANK OF VAIL (FDIC ID 2520), failed 1989-10-05. Retrieved via AI Analytics 2026-07-08 from https://api.ai-analytics.org/failed-bank/2520.

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