JEFFERSON BANK & TRUST Failed 1993

What happened

JEFFERSON BANK & TRUST of LAKEWOOD, CO was closed on 1993-07-02. The FDIC was named receiver.

Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to FIRSTBANK OF WESTLAND NA (LAKEWOOD, CO). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3464

FDIC Certificate

16335

FDIC FIN

4588

Bank name

JEFFERSON BANK & TRUST

Location

LAKEWOOD, CO

Failure date

1993-07-02

FDIC resolution date

1993-07-02

Charter type

State commercial bank, Federal Reserve member

Resolution type

Payout / Insured deposits — FDIC paid insured deposits directly to depositors

FDIC DIF cost (est.)

$39M

Deposits at failure

$119M

Assets at failure

$127M

Acquiring bank

FIRSTBANK OF WESTLAND NA (LAKEWOOD, CO)