Data / Bank failures / 1985 / The First National Bank of Springfield
The First National Bank of Springfield, Springfield, CO: failed April 18, 1985
The First National Bank of Springfield in Springfield, Colorado, failed on April 18, 1985. Baca State Bank of Springfield, CO, took over its deposits. It held $15.3 million in assets and $14 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $5.3 million (34.8% of its assets). By assets it was the 134th largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- April 18, 1985
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Baca State Bank, Springfield, CO
- Total assets
- $15,305,000
- Total deposits
- $14,011,000
- Estimated cost to the FDIC
- $5,324,753 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 3057
Other bank failures in Colorado, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Bank of Winter Park | Winter Park | November 10, 1987 | $24.4 million | $22.7 million | $13.9 million | Bank of Aspen |
| Middle Park Bank | Granby | November 10, 1987 | $34.9 million | $33 million | $14.9 million | Bank of Kremmling |
| Pioneer Bank of Fountain | Fountain | October 21, 1987 | $12.7 million | $12.2 million | $1.1 million | Green Mountain Bank |
| The First National Bank of Brush | Brush | October 8, 1987 | $20.9 million | $21 million | $3.3 million | First Security Bank |
| Citizens Bank of Glendale | Denver | August 27, 1987 | $4.4 million | $4 million | $406,278 | Prudential Bank |
| First Continental BK of Rockrimmon, N.A. | Colorado Springs | July 9, 1987 | $6.6 million | $5.7 million | $4.1 million | Valley Bank |
| South Denver National Bank | Glendale | June 25, 1987 | $59.6 million | $61.8 million | $21.1 million | First NB of Southeast de |
| North American National Bank | Littleton | May 7, 1987 | $9.5 million | $9 million | $3.8 million | Firstbank of Colorado NA |
All bank failures in 1985 · 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.