Data / Bank failures / 1988 / First Industrial Bank of Rocky Ford
First Industrial Bank of Rocky Ford, Rocky Ford, CO: failed December 16, 1988
First Industrial Bank of Rocky Ford in Rocky Ford, Colorado, failed on December 16, 1988. First NB of Ordway of Ordway, CO, took over its deposits. It held $12.5 million in assets and $11.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $6.7 million (53.6% of its assets). By assets it was the 419th largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- December 16, 1988
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First NB of Ordway, Ordway, CO
- Total assets
- $12,489,000
- Total deposits
- $11,414,000
- Estimated cost to the FDIC
- $6,696,071 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 90047
Other bank failures in Colorado, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| Great West Federal Savings Bank | Craig | May 11, 1990 | $28.1 million | $31 million | $4.9 million | First NB of Meeker |
| Dominion National Bank of Denver | Denver | May 10, 1990 | $15.3 million | $14.6 million | $2.2 million | Omnibank Southeast |
| Chancery National Bank | Denver | May 9, 1990 | $15.2 million | $14.9 million | $2.4 million | The Women's Bank, N.A. |
| Capitol Federal Savings & Loan | Aurora | May 4, 1990 | $980.6 million | $794.4 million | $391.1 million | Central Bank Dever, NA |
All bank failures in 1988 · 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.