Bank Failure
Saguache County National Bank
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Closed March 17, 1966 · Saguache, CO .
- Closing date
- March 17, 1966
- Headquarters
- Saguache, CO
- Total assets at closing
- $512K
- Total deposits at closing
- $725K
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
Context
On March 17, 1966, regulators closed Saguache County National Bank, headquartered in Saguache, CO. At closing, the institution held approximately $512K in assets and $725K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3169th largest of the 3,526 bank failures in the FDIC record, and the 7th of 7 in 1966. It falls in the period the record labels Postwar Stability (1945-1979), a period with 161 failures peaking at 16 in 1976.
Three decades of regulated calm — Reg Q ceilings, geographic branching limits, and high industry profits kept failures rare.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Saguache County National Bank fail?
Saguache County National Bank was closed by regulators on March 17, 1966.
How big was Saguache County National Bank when it failed?
Saguache County National Bank had approximately $512K in total assets and $725K in deposits at the time of failure.
Other failures in 1966
| Date | Bank | Assets |
|---|---|---|
| Oct 17, 1966 | First State Bank of Tuscola | $3.3M |
| Oct 12, 1966 | Public Bank | $110.1M |
| Apr 7, 1966 | Bank of Gray Summit | $1.9M |
| Jan 31, 1966 | Blanket State Bank | $1.3M |
| Jan 24, 1966 | Citizens Bank | $832K |
| Jan 12, 1966 | Five Points National Bank | $2.7M |
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