The Graveyard › Banks › 1998

BestBank

Boulder, CO · failed July 23, 1998 · FDIC certificate 91189

BestBank of Boulder, CO failed on July 23, 1998. It opened on July 20, 1982, 16 years before. At its last report before that it held $233.2 million in assets and $206.3 million in deposits. The FDIC estimates that the Bank Insurance Fund lost $218.6 million on it.

1985-121998-03

Assets at the end$233.2 millionlast report before July 23, 1998

Deposits at the end$206.3 million

Estimated loss to the fund$218.6 millionBIF

Largest in the quarterly reports$233.2 millionMarch 31, 1998

Equity to assets7.5%March 31, 1998

Loans not being repaid0.2%noncurrent, March 31, 1998

Return on assets6.59%a year's rate, March 31, 1998

Staff23full time, March 31, 1998

Take today's blind test

Also ended in 1998

Omnibank · River Rouge, MI · $42.0 million in assets
Q Bank · Fort Benton, MT · $15.0 million in assets

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.