Data / Bank failures / 1987 / Commonwealth Bank
Commonwealth Bank, Glendale, CO: failed April 9, 1987
Commonwealth Bank in Glendale, Colorado, failed on April 9, 1987. Prudential Bank of Denver, CO, took over its deposits. It held $7.8 million in assets and $7.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $480,979 (6.2% of its assets). By assets it was the 233rd largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- April 9, 1987
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Prudential Bank, Denver, CO
- Total assets
- $7,799,000
- Total deposits
- $7,696,000
- Estimated cost to the FDIC
- $480,979 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 24161
Other bank failures in Colorado, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Aspen Savings Bank FSB | Aspen | November 9, 1989 | $136.3 million | $108.2 million | $51.3 million | Bank of Aspen |
| First Bank | Colorado Springs | October 6, 1989 | $36 million | $34 million | $11.2 million | Colorado National Bank - Ex |
| First National Bank of Vail | Vail | October 5, 1989 | $3.6 million | $3.5 million | $791,564 | Bank Northwest |
| Colorado Savings Bank | Sterling | September 28, 1989 | $12.3 million | $12.6 million | $1.9 million | Colorado FSB |
| Farmers State Bank of Yuma | Yuma | August 24, 1989 | $26.6 million | $24.9 million | $1.9 million | The First Security Bank |
| Bennett National Bank | Bennett | July 13, 1989 | $8.3 million | $8 million | $2.8 million | The First National Bank of |
| Northern Bank & Trust | Fort Collins | June 15, 1989 | $6.9 million | $6.6 million | $775,870 | Union Colony Bank |
| Bank of Aurora | Aurora | May 24, 1989 | $6.9 million | $6.6 million | $2.5 million |
Other failed banks Prudential Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Citizens Bank of Glendale | Denver | CO | August 27, 1987 | $4.4 million | $4 million | $406,278 | Prudential Bank |
All bank failures in 1987 · All bank failures in Colorado · Every failed bank Prudential 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.