BERGEN PARK NATIONAL BANK Failed 1990

What happened

BERGEN PARK NATIONAL BANK of EVERGREEN, CO was closed on 1990-04-20. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to NEDERLAND NATIONAL BANK (NEDERALAND, CO). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2733

FDIC Certificate

25831

FDIC FIN

4187

Bank name

BERGEN PARK NATIONAL BANK

Location

EVERGREEN, CO

Failure date

1990-04-20

FDIC resolution date

1990-04-20

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

$6M

Assets at failure

$6M

Acquiring bank

NEDERLAND NATIONAL BANK (NEDERALAND, CO)