Data / Bank failures / 1986 / The First National Bank in Rifle
The First National Bank in Rifle, Rifle, CO: failed August 21, 1986
The First National Bank in Rifle in Rifle, Colorado, failed on August 21, 1986. It held $17.6 million in assets and $17.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.4 million (19.2% of its assets). By assets it was the 144th largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- August 21, 1986
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $17,588,000
- Total deposits
- $17,465,000
- Estimated cost to the FDIC
- $3,374,031 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 3051
Other bank failures in Colorado, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Columbia FS&LA (assistance) | Englewood | December 30, 1988 | $3.13 billion | $1.81 billion | $747.2 million | Columbia A FS&LA |
| First Industrial Bank of Rocky Ford | Rocky Ford | December 16, 1988 | $12.5 million | $11.4 million | $6.7 million | First NB of Ordway |
| Silverado S&LA | Denver | December 9, 1988 | $2.32 billion | $1.77 billion | $1.30 billion | Columbia Savings, A FS&LA |
| Enterprise National Bank | Englewood | December 1, 1988 | $5.3 million | $5.1 million | $1.6 million | Colonial National Bank |
| Peoples State Bank of Meeker | Meeker | September 23, 1988 | $3.9 million | $3.8 million | $806,918 | First NB of Meeker |
| Citizens Bank of Littleton | Littleton | September 15, 1988 | $6.4 million | $6.3 million | $1.9 million | Equitable BK of Littleto |
| The Bank of Westminster | Westminster | June 22, 1988 | $6.5 million | $6.6 million | $80,613 | First NB Westminster |
| Security Bank of Aurora | Aurora | June 2, 1988 | $10.9 million | $10.1 million | $694,450 | Security Bank of Colorad |
All bank failures in 1986 · 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.