Data / Bank failures / 2009 / Colorado National Bank
Colorado National Bank, Colorado Springs, CO: failed March 20, 2009
Colorado National Bank in Colorado Springs, Colorado, failed on March 20, 2009. Herring Bank of Amarillo, TX, took over its deposits. It held $123.5 million in assets and $85.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $12.7 million (10.3% of its assets). By assets it was the 114th largest of 148 banks closed or assisted in 2009.
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The FDIC's record
- Closed
- March 20, 2009
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Herring Bank, Amarillo, TX
- Total assets
- $123,508,000
- Total deposits
- $85,150,000
- Estimated cost to the FDIC
- $12,687,378 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- DIF
- FDIC certificate
- 18896
Other bank failures in Colorado, 2007 to 2011
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Community Banks of Colorado | Greenwood Village | October 21, 2011 | $1.28 billion | $1.24 billion | $169.2 million | Bank Midwest, National Association |
| Bank of Choice | Greeley | July 22, 2011 | $954.1 million | $818.7 million | $135.6 million | Bank Midwest, National Association |
| Signature Bank | Windsor | July 8, 2011 | $62.5 million | $60.3 million | $23.3 million | Points West Community Bank |
| Colorado Capital Bank | Castle Rock | July 8, 2011 | $665.8 million | $635.2 million | $254.9 million | First-Citizens Bank & Trust Company |
| Firstier Bank | Louisville | January 28, 2011 | $764.1 million | $718.8 million | $232.9 million | |
| United Western Bank | Denver | January 21, 2011 | $2.15 billion | $1.54 billion | $133.2 million | First-Citizens Bank and Trust Company |
| Southern Colorado National Bank | Pueblo | October 2, 2009 | $37.1 million | $29.6 million | $8.3 million | Legacy Bank |
| New Frontier Bank | Greeley | April 10, 2009 | $1.77 billion | $1.50 billion | $913.4 million |
Other failed banks Herring Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First State Bank of Altus | Altus | OK | July 31, 2009 | $90.9 million | $98.2 million | $26 million | Herring Bank |
All bank failures in 2009 · All bank failures in Colorado · Every failed bank Herring Bank 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.