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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
Sep 15, 1988 Citizens Bank of Littleton Littleton $6.4M Equitable BK of Littleto
Jun 22, 1988 The Bank of Westminster Westminster $6.5M First NB Westminster
Jun 2, 1988 Security Bank of Boulder Boulder $14.1M First NB in Boulder
Jun 2, 1988 Security Bank of Aurora Aurora $10.9M Security Bank of Colorad
Apr 21, 1988 Citizens National Bank Colorado Springs $18.3M State B&T of Co Springs
Apr 15, 1988 Metropolitan Industrial Bank Denver $12.4M Resources Industrial Ban
Mar 10, 1988 Security Bank of Denver, N.A. Denver $17.0M City Center National Ban
Nov 10, 1987 Middle Park Bank Granby $34.9M Bank of Kremmling
Nov 10, 1987 Bank of Winter Park Winter Park $24.4M Bank of Aspen
Oct 21, 1987 Pioneer Bank of Fountain Fountain $12.7M Green Mountain Bank
Oct 8, 1987 The First National Bank of Brush Brush $20.9M First Security Bank
Aug 27, 1987 Citizens Bank of Glendale Denver $4.4M Prudential Bank
Jul 9, 1987 First Continental BK of Rockrimmon, N.A. Colorado Springs $6.6M Valley Bank
Jun 25, 1987 South Denver National Bank Glendale $59.6M First NB of Southeast De
May 7, 1987 North American National Bank Littleton $9.5M FirstBank of Colorado N.A.
May 6, 1987 American Bank of Commerce Denver $25.5M Professional Bank of CO
Apr 9, 1987 Commonwealth Bank Glendale $7.8M Prudential Bank
Feb 27, 1987 Key S&LA Englewood $241.6M Commercial FS&LA
Feb 5, 1987 Market National Bank Denver $8.7M Womens Bank N a
Jan 15, 1987 First Charter Bank Denver $10.1M Century Bank&trust
Jan 8, 1987 American National Bank of Grand Junction Grand Junction $7.7M Intrawest Bank of Grand
Dec 18, 1986 Landmark National Bank Denver $12.9M Omnibank Leetsdale
Nov 5, 1986 Sedgwick County Bank Julesburg $3.8M First NB of Julesburg
Aug 28, 1986 Buena Vista Bank & Trust Company Buena Vista $32.8M —
Aug 21, 1986 The First National Bank in Rifle Rifle $17.6M —
Jul 25, 1986 Mountain Valley Bank Conifer $8.1M Bank of Mountain Valley
Jul 25, 1986 The Bank of Park County Bailey $6.0M Bank of Mountain Valley
May 23, 1986 Centennial State Bank of Colorado Englewood $20.4M First Intrst BK Centenni
Nov 1, 1985 The Aurora Bank Aurora $16.6M Omnibank Iliff National
Sep 6, 1985 Bank of Clifton Clifton $10.9M —
Aug 9, 1985 Sierra FS&LA Denver $48.4M Commercial FS&LA
Jul 19, 1985 Gilpin County Bank Black Hawk $3.9M First Intrst BK Golden N
Apr 18, 1985 The First National Bank of Springfield Springfield $15.3M Baca State Bank
Mar 29, 1985 Fidelity Bank of Denver Denver $54.7M American Bank of Commerc
Feb 14, 1985 First National Bank of Eads Eads $17.5M Omnibank of Kiowa County
Dec 7, 1984 Farmers State BK of Holyoke Holyoke $3.9M Security National Bank
Aug 24, 1984 Hereford State Bank Hereford $2.7M —
Sep 30, 1983 Dominion BK of Denver Denver $16.7M Central Bank at Stapleto
Oct 30, 1981 Midtown National Bank Pueblo $10.6M First Co Bank of Pueblo
Jan 26, 1979 Village Bank Pueblo West $5.1M —
Jun 25, 1976 Coronado National Bank Denver $2.6M —
Jan 12, 1976 Bank of Woodmoor Woodmoor $4.0M —
Mar 26, 1973 Skyline National Bank Denver $6.5M —
Nov 30, 1971 The First National Bank of Cripple Creek Cripple Creek $1.3M —
Feb 6, 1969 The Rocky Mountain Bank Lakewood $8.6M —
Mar 17, 1966 Saguache County National Bank Saguache $512K —
Jan 22, 1965 The Brighton National Bank Brighton $3.0M —
Feb 10, 1938 The Briggsdale State Bank Briggsdale $14K —

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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