Data / Bank failures / 1991 / The Gunnison Bank & Trust Co.
The Gunnison Bank & Trust Co., Gunnison, CO: received FDIC assistance October 2, 1991
The Gunnison Bank & Trust Co. in Gunnison, Colorado, received open bank assistance from the FDIC on October 2, 1991. It held $20.1 million in assets and $19.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.5 million (7.5% of its assets). By assets it was the 238th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- October 2, 1991
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- The Gunnison Bank & Trust C, Gunnison, CO
- Total assets
- $20,082,000
- Total deposits
- $19,255,000
- Estimated cost to the FDIC
- $1,515,948 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- BIF
- FDIC certificate
- 11259
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 Citizens Bank of Pagosa Springs | Pagosa Springs | October 25, 1991 | $17.3 million | $16.6 million | $2.1 million | Citizens Bank of Pagosa SPR |
| 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 2026-10-24. 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.