Data / Bank failures / 1989 / American FS & La of Colorado
American FS & La of Colorado, Colorado Springs, CO: failed April 6, 1989
American FS & La of Colorado in Colorado Springs, Colorado, failed on April 6, 1989. World S&LA of Oakland, CA, took over its deposits. It held $720.4 million in assets and $681 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $443.5 million (61.6% of its assets). By assets it was the 50th largest of 534 banks closed or assisted in 1989.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- April 6, 1989
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- World S&LA, Oakland, CA
- Total assets
- $720,437,000
- Total deposits
- $681,014,000
- Estimated cost to the FDIC
- $443,512,896 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 29073
Other bank failures in Colorado, 1987 to 1991
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Citizens Bank of Pagosa Springs | Pagosa Springs | October 25, 1991 | $17.3 million | $16.6 million | $2.1 million | Citizens Bank of Pagosa SPR |
| The Gunnison Bank & Trust Co. (assistance) | Gunnison | October 2, 1991 | $20.1 million | $19.3 million | $1.5 million | The Gunnison Bank & Trust C |
| Columbine Valley Bank and Trust | Jefferson County | April 26, 1991 | $9.5 million | $9.2 million | $2 million | Vectra Bank |
| Citizens National Bank | Limon | March 29, 1991 | $11.4 million | $11.3 million | $3 million | First National Bank of Limo |
| Douglas County National Bank | Parker | December 6, 1990 | $5.4 million | $5.3 million | $762,878 | City Center National Bank |
| Cherry Creek National Bank | Denver | August 16, 1990 | $85.8 million | $94.6 million | $11.2 million | The Bank of Cherry Creek, N |
| National City Bank of Denver | Denver | June 14, 1990 | $58.4 million | $65.1 million | $13.5 million | Omnibank Southeast |
| Rocky Mountain National Bank | Denver | May 31, 1990 | $9.2 million | $8.9 million | $1.7 million | Colonial National Bank |
Other failed banks World S&LA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Ohio Valley (assistance) | Steubenville | OH | December 17, 1988 | $203.9 million | $238 million | $63.2 million | World S&LA |
All bank failures in 1989 · All bank failures in Colorado · Every failed bank World S&LA took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.