BANK OF CHOICE Failed 2011
What happened
BANK OF CHOICE of GREELEY, CO was closed on 2011-07-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK MIDWEST, NATIONAL ASSOCIATION (KANSAS CITY, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3946
- FDIC Certificate
- 2994
- FDIC FIN
- 10380
- Bank name
- BANK OF CHOICE
- Location
- GREELEY, CO
- Failure date
- 2011-07-22
- FDIC resolution date
- 2011-07-22
- 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.)
- $136M
- Deposits at failure
- $819M
- Assets at failure
- $954M
- Acquiring bank
- BANK MIDWEST, NATIONAL ASSOCIATION (KANSAS CITY, MO)
Other banks BANK MIDWEST, NATIONAL ASSOCIATION acquired in FDIC resolutions