Data / Bank failures / 1984 / Hereford State Bank
Hereford State Bank, Hereford, CO: failed August 24, 1984
Hereford State Bank in Hereford, Colorado, failed on August 24, 1984. It held $2.7 million in assets and $2.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $764,909 (28.3% of its assets). By assets it was the 106th largest of 106 banks closed or assisted in 1984.
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The FDIC's record
- Closed
- August 24, 1984
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $2,707,000
- Total deposits
- $2,476,000
- Estimated cost to the FDIC
- $764,909 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 9219
Other bank failures in Colorado, 1982 to 1986
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Landmark National Bank | Denver | December 18, 1986 | $12.9 million | $12.8 million | $4.2 million | Omnibank Leetsdale |
| First Security S&LA (assistance) | Grand Junction | November 21, 1986 | $55.2 million | $52.1 million | Great American First Saving | |
| Sedgwick County Bank | Julesburg | November 5, 1986 | $3.8 million | $3.7 million | $1.5 million | First NB of Julesburg |
| Buena Vista Bank & Trust Company | Buena Vista | August 28, 1986 | $32.8 million | $30.5 million | $12.2 million | |
| The First National Bank in Rifle | Rifle | August 21, 1986 | $17.6 million | $17.5 million | $3.4 million | |
| Mountain Valley Bank | Conifer | July 25, 1986 | $8.1 million | $7.3 million | $579,782 | Bank of Mountain Valley |
| The Bank of Park County | Bailey | July 25, 1986 | $6 million | $5 million | Bank of Mountain Valley | |
| Centennial State Bank of Colorado | Englewood | May 23, 1986 | $20.4 million | $20.2 million | $2 million | First Intrst BK Centenni |
All bank failures in 1984 · 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.