Data / Bank failures / 2009 / Southern Colorado National Bank
Southern Colorado National Bank, Pueblo, CO: failed October 2, 2009
Southern Colorado National Bank in Pueblo, Colorado, failed on October 2, 2009. Legacy Bank of Wiley, CO, took over its deposits. It held $37.1 million in assets and $29.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $8.3 million (22.4% of its assets). By assets it was the 143rd largest of 148 banks closed or assisted in 2009.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- October 2, 2009
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Legacy Bank, Wiley, CO
- Total assets
- $37,142,000
- Total deposits
- $29,568,000
- Estimated cost to the FDIC
- $8,323,250 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- DIF
- FDIC certificate
- 57263
Other bank failures in Colorado, 2007 to 2011
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Community Banks of Colorado | Greenwood Village | October 21, 2011 | $1.28 billion | $1.24 billion | $169.2 million | Bank Midwest, National Association |
| Bank of Choice | Greeley | July 22, 2011 | $954.1 million | $818.7 million | $135.6 million | Bank Midwest, National Association |
| Signature Bank | Windsor | July 8, 2011 | $62.5 million | $60.3 million | $23.3 million | Points West Community Bank |
| Colorado Capital Bank | Castle Rock | July 8, 2011 | $665.8 million | $635.2 million | $254.9 million | First-Citizens Bank & Trust Company |
| Firstier Bank | Louisville | January 28, 2011 | $764.1 million | $718.8 million | $232.9 million | |
| United Western Bank | Denver | January 21, 2011 | $2.15 billion | $1.54 billion | $133.2 million | First-Citizens Bank and Trust Company |
| New Frontier Bank | Greeley | April 10, 2009 | $1.77 billion | $1.50 billion | $913.4 million | |
| Colorado National Bank | Colorado Springs | March 20, 2009 | $123.5 million | $85.2 million | $12.7 million | Herring Bank |
All bank failures in 2009 · 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.