GREAT WEST FEDERAL SAVINGS BANK Failed 1990
What happened
GREAT WEST FEDERAL SAVINGS BANK of CRAIG, CO was closed on 1990-05-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NB OF MEEKER (MEEKER, CO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2763
- FDIC Certificate
- 32576
- FDIC FIN
- 7406
- Bank name
- GREAT WEST FEDERAL SAVINGS BANK
- Location
- CRAIG, CO
- Failure date
- 1990-05-11
- FDIC resolution date
- 1991-08-16
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $31M
- Assets at failure
- $28M
- Acquiring bank
- FIRST NB OF MEEKER (MEEKER, CO)
Other banks FIRST NB OF MEEKER acquired in FDIC resolutions