THE CITIZENS BANK OF PAGOSA SPRINGS Failed 1991
What happened
THE CITIZENS BANK OF PAGOSA SPRINGS of PAGOSA SPRINGS, CO was closed on 1991-10-25. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CITIZENS BANK OF PAGOSA SPR (PAGOSA SPRINGS, CO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3224
- FDIC Certificate
- 10413
- FDIC FIN
- 4418
- Bank name
- THE CITIZENS BANK OF PAGOSA SPRINGS
- Location
- PAGOSA SPRINGS, CO
- Failure date
- 1991-10-25
- FDIC resolution date
- 1991-10-25
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $17M
- Assets at failure
- $17M
- Acquiring bank
- CITIZENS BANK OF PAGOSA SPR (PAGOSA SPRINGS, CO)