Data / Bank failures / 1987 / South Denver National Bank
South Denver National Bank, Glendale, CO: failed June 25, 1987
South Denver National Bank in Glendale, Colorado, failed on June 25, 1987. First NB of Southeast de of Denver, CO, took over its deposits. It held $59.6 million in assets and $61.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $21.1 million (35.4% of its assets). By assets it was the 73rd largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- June 25, 1987
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First NB of Southeast de, Denver, CO
- Total assets
- $59,565,000
- Total deposits
- $61,812,000
- Estimated cost to the FDIC
- $21,110,466 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 18816
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 |
All bank failures in 1987 · All bank failures in Colorado · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.