The Graveyard › Banks › 1989
First Bank
Colorado Springs, CO · failed October 6, 1989 · FDIC certificate 21263
First Bank of Colorado Springs, CO failed on October 6, 1989. It opened on October 10, 1973, 15 years before. At its last report before that it held $36.0 million in assets and $34.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $54.2 million. The FDIC estimates that the Bank Insurance Fund lost $11.2 million on it.
1984-031989-06
Assets at the end$36.0 millionlast report before October 6, 1989
Deposits at the end$34.0 million
Estimated loss to the fund$11.2 millionBIF
Largest in the quarterly reports$54.2 millionDecember 31, 1986
Equity to assets0.5%June 30, 1989
Loans not being repaid14.1%noncurrent, June 30, 1989
Return on assets-8.75%a year's rate, June 30, 1989
Staff38full time, June 30, 1989
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 billion 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.