Data / Bank failures / 1991 / Citizens National Bank
Citizens National Bank, Limon, CO: failed March 29, 1991
Citizens National Bank in Limon, Colorado, failed on March 29, 1991. First National Bank of Limo of Limon, CO, took over its deposits. It held $11.4 million in assets and $11.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3 million (26.4% of its assets). By assets it was the 262nd largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- March 29, 1991
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- First National Bank of Limo, Limon, CO
- Total assets
- $11,414,000
- Total deposits
- $11,251,000
- Estimated cost to the FDIC
- $3,010,776 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- BIF
- FDIC certificate
- 24043
Other bank failures in Colorado, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Jefferson Bank & Trust | Lakewood | July 2, 1993 | $127.1 million | $119.4 million | $38.6 million | Firstbank of Westland NA |
| 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 |
| 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 |
All bank failures in 1991 · 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.