Bank Failure
Premier Bank
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Closed July 10, 2015 · Denver, CO · FDIC Cert #34112.
- Closing date
- July 10, 2015
- Headquarters
- Denver, CO
- FDIC Certificate
- 34112
- Total assets at closing
- $26.8M
- Total deposits at closing
- $25.5M
- Estimated loss to the insurance fund
- $1.2M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- United Fidelity Bank, FSB
Context
On July 10, 2015, regulators closed Premier Bank, headquartered in Denver, CO. At closing, the institution held approximately $26.8M in assets and $25.5M in deposits. The FDIC record names United Fidelity Bank, FSB as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $1.2M.
By assets at closing this is the 2130th largest of the 3,526 bank failures in the FDIC record, and the 7th of 8 in 2015. It falls in the period the record labels Post-Dodd-Frank Calm (2014-2022), a period with 47 failures peaking at 18 in 2014.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Premier Bank fail?
Premier Bank was closed by regulators on July 10, 2015.
Who acquired Premier Bank?
The FDIC record names United Fidelity Bank, FSB as the acquiring institution in the resolution of Premier Bank.
How big was Premier Bank when it failed?
Premier Bank had approximately $26.8M in total assets and $25.5M in deposits at the time of failure.
Other failures in 2015
| Date | Bank | Assets |
|---|---|---|
| Oct 2, 2015 | The Bank of Georgia | $286.1M |
| Oct 2, 2015 | Hometown National Bank | $3.8M |
| May 8, 2015 | Edgebrook Bank | $90.0M |
| Feb 27, 2015 | Doral Bank | $5.90B |
| Feb 13, 2015 | Capitol City Bank & Trust Company | $272.3M |
| Jan 23, 2015 | Highland Community Bank | $54.7M |
| Jan 16, 2015 | First National Bank of Crestview | $73.8M |
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