Bank Failure
Community Banks of Colorado
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Closed October 21, 2011 · Greenwood Village, CO · FDIC Cert #21132.
- Closing date
- October 21, 2011
- Headquarters
- Greenwood Village, CO
- FDIC Certificate
- 21132
- Total assets at closing
- $1.28B
- Total deposits at closing
- $1.24B
- Estimated loss to the insurance fund
- $169.2M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Bank Midwest, N.A.
Context
On October 21, 2011, regulators closed Community Banks of Colorado, headquartered in Greenwood Village, CO. At closing, the institution held approximately $1.28B in assets and $1.24B in deposits. The FDIC record names Bank Midwest, N.A. as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $169.2M.
By assets at closing this is the 171st largest of the 3,526 bank failures in the FDIC record, and the 6th 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 Community Banks of Colorado fail?
Community Banks of Colorado was closed by regulators on October 21, 2011.
Who acquired Community Banks of Colorado?
The FDIC record names Bank Midwest, N.A. as the acquiring institution in the resolution of Community Banks of Colorado.
How big was Community Banks of Colorado when it failed?
Community Banks of Colorado had approximately $1.28B in total assets and $1.24B 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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