Data / Bank failures / 1989 / Northern Bank & Trust
Northern Bank & Trust, Fort Collins, CO: failed June 15, 1989
Northern Bank & Trust in Fort Collins, Colorado, failed on June 15, 1989. Union Colony Bank of Greeley, CO, took over its deposits. It held $6.9 million in assets and $6.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $775,870 (11.2% of its assets). By assets it was the 521st largest of 534 banks closed or assisted in 1989.
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The FDIC's record
- Closed
- June 15, 1989
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Union Colony Bank, Greeley, CO
- Total assets
- $6,914,000
- Total deposits
- $6,560,000
- Estimated cost to the FDIC
- $775,870 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 21999
Other bank failures in Colorado, 1987 to 1991
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| Citizens National Bank | Limon | March 29, 1991 | $11.4 million | $11.3 million | $3 million | First National Bank of Limo |
| 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 1989 · 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.