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Failures by State

Bank Failures in Colorado

98 FDIC-insured banks headquartered in Colorado have failed since 1938, the 10th most of any state or territory. The most recent was Premier Bank on July 10, 2015. The worst year was 1989, with 20 failures. Failed banks held $15.49B in assets at closing.

98
Failures
1938 to 2015
$15.49B
Failed assets
At closing
$5.61B
Estimated DIF loss
FDIC estimate
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All Colorado events
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Largest bank failures in Colorado

Date Bank City Assets Acquirer or resolution
Dec 9, 1988 Silverado S&LA Denver $2.32B Columbia Savings, a FS&LA
Jan 21, 2011 United Western Bank Denver $2.15B First-Citizens Bank and Trust Company
Apr 10, 2009 New Frontier Bank Greeley $1.77B —
Oct 21, 2011 Community Banks of Colorado Greenwood Village $1.28B Bank Midwest, N.A.
May 4, 1990 Capitol Federal Savings & Loan Aurora $980.6M Central Bank Dever, N.A.
Jul 22, 2011 Bank of Choice Greeley $954.1M Bank Midwest, N.A.
Jan 28, 2011 Firstier Bank Louisville $764.1M —
Apr 6, 1989 American FS & La of Colorado Colorado Springs $720.4M World S&LA
Jul 8, 2011 Colorado Capital Bank Castle Rock $665.8M First-Citizens Bank & Trust Company
Mar 9, 1989 Otero S & L Assoc. Colorado Springs $558.6M Branch sale

Colorado bank failures by year

Year Failures Failed assets
2015 1 $26.8M
2011 6 $5.88B
2009 3 $1.94B
1998 1 $233.2M
1993 1 $127.1M
1991 3 $38.1M
1990 11 $1.44B
1989 20 $2.58B
1988 11 $2.42B
1987 14 $474.5M
1986 7 $101.4M
1985 7 $167.2M
1984 2 $6.6M
1983 1 $16.7M
1981 1 $10.6M
1979 1 $5.1M
1976 2 $6.6M
1973 1 $6.5M
1971 1 $1.3M
1969 1 $8.6M
1966 1 $512K
1965 1 $3.0M
1938 1 $14K

Every bank failure in Colorado

Date Bank City Assets Acquirer or resolution
Jul 10, 2015 Premier Bank Denver $26.8M United Fidelity Bank, FSB
Oct 21, 2011 Community Banks of Colorado Greenwood Village $1.28B Bank Midwest, N.A.
Jul 22, 2011 Bank of Choice Greeley $954.1M Bank Midwest, N.A.
Jul 8, 2011 Colorado Capital Bank Castle Rock $665.8M First-Citizens Bank & Trust Company
Jul 8, 2011 Signature Bank Windsor $62.5M Points West Community Bank
Jan 28, 2011 Firstier Bank Louisville $764.1M —
Jan 21, 2011 United Western Bank Denver $2.15B First-Citizens Bank and Trust Company
Oct 2, 2009 Southern Colorado National Bank Pueblo $37.1M Legacy Bank
Apr 10, 2009 New Frontier Bank Greeley $1.77B —
Mar 20, 2009 Colorado National Bank Colorado Springs $123.5M Herring Bank
Jul 23, 1998 Bestbank Boulder $233.2M The Pueblo Bank and Trust C
Jul 2, 1993 Jefferson Bank & Trust Lakewood $127.1M FirstBank of Westland N.A.
Oct 25, 1991 The Citizens Bank of Pagosa Springs Pagosa Springs $17.3M Citizens Bank of Pagosa SPR
Apr 26, 1991 Columbine Valley Bank and Trust Jefferson County $9.5M Vectra Bank
Mar 29, 1991 Citizens National Bank Limon $11.4M First National Bank of Limo
Dec 6, 1990 Douglas County National Bank Parker $5.4M City Center National Bank
Aug 16, 1990 Cherry Creek National Bank Denver $85.8M The Bank of Cherry Creek, N
Jun 14, 1990 National City Bank of Denver Denver $58.4M Omnibank Southeast
May 31, 1990 Rocky Mountain National Bank Denver $9.2M Colonial National Bank
May 11, 1990 Great West Federal Savings Bank Craig $28.1M First NB of Meeker
May 10, 1990 Dominion National Bank of Denver Denver $15.3M Omnibank Southeast
May 9, 1990 Chancery National Bank Denver $15.2M The Women's Bank, N.A.
May 4, 1990 Capitol Federal Savings & Loan Aurora $980.6M Central Bank Dever, N.A.
Apr 20, 1990 Heritage FSA Lamar $45.9M First NB in Lamar
Apr 20, 1990 Bergen Park National Bank Evergreen $5.8M Nederland National Bank
Mar 16, 1990 First America FSB Longmont $187.4M Branch sale
Nov 9, 1989 Aspen Savings Bank FSB Aspen $136.3M Bank of Aspen
Oct 6, 1989 First Bank Colorado Springs $36.0M Colorado National Bank - Ex
Oct 5, 1989 First National Bank of Vail Vail $3.6M Bank Northwest
Sep 28, 1989 Colorado Savings Bank Sterling $12.3M Colorado FSB
Aug 24, 1989 Farmers State Bank of Yuma Yuma $26.6M The First Security Bank
Jul 13, 1989 Bennett National Bank Bennett $8.3M The First National Bank of
Jun 15, 1989 Northern Bank & Trust Fort Collins $6.9M Union Colony Bank
May 24, 1989 Bank of Aurora Aurora $6.9M —
Apr 27, 1989 Bank of Lakewood, National Assoc Lakewood $9.7M Bank of Lakewood
Apr 6, 1989 American FS & La of Colorado Colorado Springs $720.4M World S&LA
Apr 6, 1989 Equity Federal Savings Bank Denver $4.5M Deposit payout
Mar 9, 1989 Otero S & L Assoc. Colorado Springs $558.6M Branch sale
Mar 9, 1989 First FED. S & La of Colorado SPR. Colorado Springs $354.9M Western NB of CO
Mar 9, 1989 Sun S & La Parker $289.5M Deposit payout
Mar 9, 1989 Mesa FS & La of Colorado Grand Junction $117.4M Mesa NB
Mar 9, 1989 Valley Federal S & L Assoc. Grand Junction $83.8M Mesa NB
Mar 9, 1989 Modern FED. S & L Assoc. Grand Junction $70.4M Centennial SB
Mar 9, 1989 Alpine Savings Steamboat Springs $57.7M Deposit payout
Mar 9, 1989 Colorado S & L Assoc. Englewood $54.3M Colorado SB, FSB of Grand C
Mar 9, 1989 Rocky Mountain S & L Assoc. Woodland Park $18.2M Mountain NB
Dec 16, 1988 First Industrial Bank of Rocky Ford Rocky Ford $12.5M First NB of Ordway
Dec 9, 1988 Silverado S&LA Denver $2.32B Columbia Savings, a FS&LA
Dec 1, 1988 Enterprise National Bank Englewood $5.3M Colonial National Bank
Sep 23, 1988 Peoples State Bank of Meeker Meeker $3.9M First NB of Meeker

Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.

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