The Graveyard › Banks › 2009

Colorado National Bank

Colorado Springs, CO · failed March 20, 2009 · FDIC certificate 18896

Colorado National Bank of Colorado Springs, CO failed on March 20, 2009. It opened on September 24, 1963, 45 years before. At its last report before that it held $123.5 million in assets and $85.2 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2008, it held $142.1 million. The FDIC estimates that the Deposit Insurance Fund lost $12.7 million on it.

1984-032008-12

Assets at the end$123.5 millionlast report before March 20, 2009

Deposits at the end$85.2 million

Estimated loss to the fund$12.7 millionDIF

Largest in the quarterly reports$142.1 millionMarch 31, 2008

Equity to assets6.0%December 31, 2008

Loans not being repaid24.5%noncurrent, December 31, 2008

Return on assets-6.51%a year's rate, December 31, 2008

Staff24full time, December 31, 2008

Could you have seen it coming? Play The Crash of '08

Also ended in 2009

Bank of America N.A. · Charlotte · $1.47 trillion in assets · assisted
FIA Card Services N.A. · Wilmington · $159.6 billion in assets · assisted
Countrywide Bank, FSB · Alexandria · $118.0 billion in assets · assisted
Merrill Lynch Bank USA · Salt Lake City · $61.8 billion in assets · assisted
Merrill Lynch Bank & Trust Co., FSB · New York · $38.0 billion in assets · assisted
Bank of America Rhode Island N.A. · Providence · $35.4 billion in assets · assisted

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.