# THE FIRST NATIONAL BANK OF SPRINGFIELD

> **Failed bank** · SPRINGFIELD, CO · failed 1985-04-18 · National commercial bank (OCC-chartered) · FDIC cost $5M

## What happened

THE FIRST NATIONAL BANK OF SPRINGFIELD of SPRINGFIELD, CO was closed by the OCC on **1985-04-18**. The FDIC was named receiver.

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

Deposits were transferred to **BACA STATE BANK** (SPRINGFIELD, CO). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 978
- **FDIC Certificate:** 3057
- **FDIC FIN:** 2457
- **Bank name:** THE FIRST NATIONAL BANK OF SPRINGFIELD
- **Location:** SPRINGFIELD, CO
- **Failure date:** 1985-04-18
- **FDIC resolution date:** 1985-04-18
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $14M
- **Assets at failure:** $15M
- **Acquiring bank:** BACA STATE BANK (SPRINGFIELD, CO)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20FIRST%20NATIONAL%20BANK%20OF%20SPRINGFIELD

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FIRST NATIONAL BANK OF SPRINGFIELD (FDIC ID 978), failed 1985-04-18. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/978.

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