Bank Failure
Colorado Capital Bank
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Closed July 8, 2011 · Castle Rock, CO · FDIC Cert #34522.
- Closing date
- July 8, 2011
- Headquarters
- Castle Rock, CO
- FDIC Certificate
- 34522
- Total assets at closing
- $665.8M
- Total deposits at closing
- $635.2M
- Estimated loss to the insurance fund
- $254.9M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- First-Citizens Bank & Trust Company
Context
On July 8, 2011, regulators closed Colorado Capital Bank, headquartered in Castle Rock, CO. At closing, the institution held approximately $665.8M in assets and $635.2M in deposits. The FDIC record names First-Citizens Bank & Trust Company as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $254.9M.
By assets at closing this is the 300th largest of the 3,526 bank failures in the FDIC record, and the 15th of 92 in 2011. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Colorado Capital Bank fail?
Colorado Capital Bank was closed by regulators on July 8, 2011.
Who acquired Colorado Capital Bank?
The FDIC record names First-Citizens Bank & Trust Company as the acquiring institution in the resolution of Colorado Capital Bank.
How big was Colorado Capital Bank when it failed?
Colorado Capital Bank had approximately $665.8M in total assets and $635.2M in deposits at the time of failure.
Other failures in 2011
| Date | Bank | Assets |
|---|---|---|
| Dec 16, 2011 | Western National Bank | $162.9M |
| Dec 16, 2011 | Premier Community Bank of the Emerald Coast | $126.0M |
| Nov 18, 2011 | Central Progressive Bank | $383.1M |
| Nov 18, 2011 | Polk County Bank | $91.6M |
| Nov 10, 2011 | Community Bank of Rockmart | $62.4M |
| Nov 4, 2011 | Sunfirst Bank | $198.1M |
| Nov 4, 2011 | Mid City Bank, Inc. | $106.1M |
| Oct 28, 2011 | All American Bank | $34.8M |
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