Data / Bank failures / 1989 / Bennett National Bank

Bennett National Bank, Bennett, CO: failed July 13, 1989

Name: Bennett National Bank bank failure (FDIC record)
Creator: SpecStream
License: https://creativecommons.org/licenses/by/4.0/

Bennett National Bank in Bennett, Colorado, failed on July 13, 1989. The First National Bank of of Strasburg, CO, took over its deposits. It held $8.3 million in assets and $8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.8 million (34.1% of its assets). By assets it was the 513th largest of 534 banks closed or assisted in 1989.

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The FDIC's record

Closed: July 13, 1989
Type: Failure
How it was resolved: Insured deposit transfer: the insured deposits moved to another bank
Acquirer: The First National Bank of, Strasburg, CO
Total assets: $8,276,000
Total deposits: $8,015,000
Estimated cost to the FDIC: $2,818,425 (estimate as of July 31, 2026)
Charter: National bank (supervised by the OCC)
Insurance fund: FDIC
FDIC certificate: 24741

The FDIC record

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 The First National Bank of took over

Bank	City	State	Closed	Assets	Deposits	Estimated cost	Acquirer
The Washington Bank (of Maryland)	Baltimore	MD	May 10, 1991	$39 million	$39 million	$968,346	The First National Bank of
Boston Trade Bank	Boston	MA	May 3, 1991	$307 million	$301.5 million	$127.3 million	The First National Bank of
The State Bank of Omaha	Omaha	TX	December 14, 1990	$20.5 million	$20.6 million	$5.3 million	The First National Bank of
United Peoples Bank	Lampasas	TX	October 11, 1990	$32.7 million	$32.8 million	$6.5 million	The First National Bank of
Merchantsbank of Boston, A Co-Op	Boston	MA	May 18, 1990	$392.2 million	$391 million	$95.6 million	The First National Bank of
Alvord National Bank	Alvord	TX	March 29, 1990	$7.6 million	$7.7 million	$495,560	The First National Bank of
Liberty City State Bank	Liberty City	TX	March 15, 1990	$15.2 million	$15 million	$1.5 million	The First National Bank of
Farmers State Bank of Shiro, Texas	Shiro	TX	January 25, 1990	$4.6 million	$4.4 million	$2.1 million	The First National Bank of

All bank failures in 1989 · All bank failures in Colorado · Every failed bank The First National Bank of 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.