Bank Failure
Skyline National Bank
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Closed March 26, 1973 · Denver, CO · FDIC Cert #20550.
- Closing date
- March 26, 1973
- Headquarters
- Denver, CO
- FDIC Certificate
- 20550
- Total assets at closing
- $6.5M
- Total deposits at closing
- $6.0M
- 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 26, 1973, regulators closed Skyline National Bank, headquartered in Denver, CO. At closing, the institution held approximately $6.5M in assets and $6.0M in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 2931st largest of the 3,526 bank failures in the FDIC record, and the 5th of 6 in 1973. 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 Skyline National Bank fail?
Skyline National Bank was closed by regulators on March 26, 1973.
How big was Skyline National Bank when it failed?
Skyline National Bank had approximately $6.5M in total assets and $6.0M in deposits at the time of failure.
Other failures in 1973
| Date | Bank | Assets |
|---|---|---|
| Oct 18, 1973 | United States National Bank | $1.27B |
| Oct 5, 1973 | First National Bank of Eldora | $8.1M |
| Jul 16, 1973 | The First State Bank | $16.2M |
| May 7, 1973 | Elm Creek State Bank | $3.2M |
| Jan 19, 1973 | Delta Security Bank and Trust Company | $9.8M |
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