Bank Failure
Dominion National Bank of Denver
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Closed May 10, 1990 · Denver, CO · FDIC Cert #23527.
- Closing date
- May 10, 1990
- Headquarters
- Denver, CO
- FDIC Certificate
- 23527
- Total assets at closing
- $15.3M
- Total deposits at closing
- $14.6M
- Estimated loss to the insurance fund
- $2.2M
- Insurance fund
- Bank Insurance Fund (BIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Omnibank Southeast
Context
On May 10, 1990, regulators closed Dominion National Bank of Denver, headquartered in Denver, CO. At closing, the institution held approximately $15.3M in assets and $14.6M in deposits. The FDIC record names Omnibank Southeast as the acquiring institution in the resolution. The estimated cost to the Bank Insurance Fund (BIF) was approximately $2.2M.
By assets at closing this is the 2524th largest of the 3,526 bank failures in the FDIC record, and the 334th of 381 in 1990. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Dominion National Bank of Denver fail?
Dominion National Bank of Denver was closed by regulators on May 10, 1990.
Who acquired Dominion National Bank of Denver?
The FDIC record names Omnibank Southeast as the acquiring institution in the resolution of Dominion National Bank of Denver.
How big was Dominion National Bank of Denver when it failed?
Dominion National Bank of Denver had approximately $15.3M in total assets and $14.6M in deposits at the time of failure.
Other failures in 1990
| Date | Bank | Assets |
|---|---|---|
| Dec 28, 1990 | Capitol Bank and Trust Company | $485.6M |
| Dec 28, 1990 | Southern FS | $230.8M |
| Dec 28, 1990 | First FS & La of Andalusia | $38.7M |
| Dec 27, 1990 | Enterprise Savings Bank, F.A. | $432.6M |
| Dec 21, 1990 | Arkansas FSB | $71.7M |
| Dec 15, 1990 | Mid-America FS & La | $1.21B |
| Dec 14, 1990 | Community FS & La | $1.98B |
| Dec 14, 1990 | Comfed Savings Bank | $1.40B |
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