MIDTOWN NATIONAL BANK Failed 1981

What happened

MIDTOWN NATIONAL BANK of PUEBLO, CO was closed on 1981-10-30. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to FIRST CO BANK OF PUEBLO (PUEBLO, CO). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

610

FDIC Certificate

19379

FDIC FIN

2292

Bank name

MIDTOWN NATIONAL BANK

Location

PUEBLO, CO

Failure date

1981-10-30

FDIC resolution date

1981-10-30

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$2M

Deposits at failure

$10M

Assets at failure

$11M

Acquiring bank

FIRST CO BANK OF PUEBLO (PUEBLO, CO)