SOUTHERN COLORADO NATIONAL BANK Failed 2009
What happened
SOUTHERN COLORADO NATIONAL BANK of PUEBLO, CO was closed on 2009-10-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to LEGACY BANK (WILEY, CO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3691
- FDIC Certificate
- 57263
- FDIC FIN
- 10123
- Bank name
- SOUTHERN COLORADO NATIONAL BANK
- Location
- PUEBLO, CO
- Failure date
- 2009-10-02
- FDIC resolution date
- 2009-10-02
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $8M
- Deposits at failure
- $30M
- Assets at failure
- $37M
- Acquiring bank
- LEGACY BANK (WILEY, CO)