CHANCERY NATIONAL BANK Failed 1990

What happened

CHANCERY NATIONAL BANK of DENVER, CO was closed on 1990-05-09. The FDIC was named receiver.

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

Deposits were transferred to THE WOMEN'S BANK, N.A. (DENVER, CO). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2755

FDIC Certificate

25052

FDIC FIN

4195

Bank name

CHANCERY NATIONAL BANK

Location

DENVER, CO

Failure date

1990-05-09

FDIC resolution date

1990-05-09

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$2M

Deposits at failure

$15M

Assets at failure

$15M

Acquiring bank

THE WOMEN'S BANK, N.A. (DENVER, CO)