FIDELITY BANK OF DENVER Failed 1985
What happened
FIDELITY BANK OF DENVER of DENVER, CO was closed on 1985-03-29. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to AMERICAN BANK OF COMMERC (DENVER, CO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 971
- FDIC Certificate
- 23408
- FDIC FIN
- 2451
- Bank name
- FIDELITY BANK OF DENVER
- Location
- DENVER, CO
- Failure date
- 1985-03-29
- FDIC resolution date
- 1985-03-29
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $12M
- Deposits at failure
- $49M
- Assets at failure
- $55M
- Acquiring bank
- AMERICAN BANK OF COMMERC (DENVER, CO)