BESTBANK Failed 1998
What happened
BESTBANK of BOULDER, CO was closed on 1998-07-23. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to THE PUEBLO BANK AND TRUST C (PUEBLO, CO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3514
- FDIC Certificate
- 91189
- FDIC FIN
- 4632
- Bank name
- BESTBANK
- Location
- BOULDER, CO
- Failure date
- 1998-07-23
- FDIC resolution date
- 1998-07-23
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $219M
- Deposits at failure
- $206M
- Assets at failure
- $233M
- Acquiring bank
- THE PUEBLO BANK AND TRUST C (PUEBLO, CO)