Data / Bank failures / 1991 / The Citizens Bank of Pagosa Springs
The Citizens Bank of Pagosa Springs, Pagosa Springs, CO: failed October 25, 1991
The Citizens Bank of Pagosa Springs in Pagosa Springs, Colorado, failed on October 25, 1991. Citizens Bank of Pagosa SPR of Pagosa Springs, CO, took over its deposits. It held $17.3 million in assets and $16.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.1 million (11.9% of its assets). By assets it was the 250th largest of 271 banks closed or assisted in 1991.
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 25, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Citizens Bank of Pagosa SPR, Pagosa Springs, CO
- Total assets
- $17,275,000
- Total deposits
- $16,649,000
- Estimated cost to the FDIC
- $2,054,779 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 10413
Other bank failures in Colorado, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Jefferson Bank & Trust | Lakewood | July 2, 1993 | $127.1 million | $119.4 million | $38.6 million | Firstbank of Westland NA |
| 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 1991 · 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.