The Graveyard › Banks › 1991
The Citizens Bank of Pagosa Springs
Pagosa Springs, CO · failed October 25, 1991 · FDIC certificate 10413
The Citizens Bank of Pagosa Springs of Pagosa Springs, CO failed on October 25, 1991. It opened in 1908, 83 years before. At its last report before that it held $17.3 million in assets and $16.6 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $30.5 million. The FDIC estimates that the Bank Insurance Fund lost $2.1 million on it.
1984-031991-09
Assets at the end$17.3 millionlast report before October 25, 1991
Deposits at the end$16.6 million
Estimated loss to the fund$2.1 millionBIF
Largest in the quarterly reports$30.5 millionSeptember 30, 1986
Equity to assets3.4%September 30, 1991
Loans not being repaid3.6%noncurrent, September 30, 1991
Return on assets-0.56%a year's rate, September 30, 1991
Staff14full time, September 30, 1991
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.