Data / Bank failures / 1998 / Bestbank
Bestbank, Boulder, CO: failed July 23, 1998
Bestbank in Boulder, Colorado, failed on July 23, 1998. The Pueblo Bank and Trust C of Pueblo, CO, took over its deposits. It held $233.2 million in assets and $206.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $218.6 million (93.7% of its assets). By assets it was the largest of 3 banks closed or assisted in 1998.
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The FDIC's record
- Closed
- July 23, 1998
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- The Pueblo Bank and Trust C, Pueblo, CO
- Total assets
- $233,223,000
- Total deposits
- $206,325,000
- Estimated cost to the FDIC
- $218,594,551 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 91189
All bank failures in 1998 · All bank failures in Colorado · 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.