CHERRY CREEK NATIONAL BANK Failed 1990
What happened
CHERRY CREEK NATIONAL BANK of DENVER, CO was closed on 1990-08-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to THE BANK OF CHERRY CREEK, N (DENVER, CO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2873
- FDIC Certificate
- 17240
- FDIC FIN
- 4261
- Bank name
- CHERRY CREEK NATIONAL BANK
- Location
- DENVER, CO
- Failure date
- 1990-08-16
- FDIC resolution date
- 1990-08-16
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $11M
- Deposits at failure
- $95M
- Assets at failure
- $86M
- Acquiring bank
- THE BANK OF CHERRY CREEK, N (DENVER, CO)