COLORADO NATIONAL BANK Failed 2009
What happened
COLORADO NATIONAL BANK of COLORADO SPRINGS, CO was closed on 2009-03-20. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HERRING BANK (AMARILLO, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3613
- FDIC Certificate
- 18896
- FDIC FIN
- 10045
- Bank name
- COLORADO NATIONAL BANK
- Location
- COLORADO SPRINGS, CO
- Failure date
- 2009-03-20
- FDIC resolution date
- 2009-03-20
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $13M
- Deposits at failure
- $85M
- Assets at failure
- $124M
- Acquiring bank
- HERRING BANK (AMARILLO, TX)
Other banks HERRING BANK acquired in FDIC resolutions