# GREAT WEST FEDERAL SAVINGS BANK

> **Failed bank** · CRAIG, CO · failed 1990-05-11 · Savings bank · FDIC cost $5M

## What happened

GREAT WEST FEDERAL SAVINGS BANK of CRAIG, CO was closed by state regulators 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
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $31M
- **Assets at failure:** $28M
- **Acquiring bank:** FIRST NB OF MEEKER (MEEKER, CO)

## Other banks FIRST NB OF MEEKER has acquired in FDIC resolutions

- PEOPLES STATE BANK OF MEEKER (MEEKER, CO) — failed 1988-09-23 — /failed-bank/1933

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=GREAT%20WEST%20FEDERAL%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GREAT WEST FEDERAL SAVINGS BANK (FDIC ID 2763), failed 1990-05-11. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2763.

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