Data / Bank failures / 2011 / United Western Bank
United Western Bank, Denver, CO: failed January 21, 2011
United Western Bank in Denver, Colorado, failed on January 21, 2011. First-Citizens Bank and Trust Company of Raleigh, NC, took over its deposits. It held $2.15 billion in assets and $1.54 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $133.2 million (6.2% of its assets). By assets it was the 3rd largest of 92 banks closed or assisted in 2011.
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The FDIC's record
- Closed
- January 21, 2011
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First-Citizens Bank and Trust Company, Raleigh, NC
- Total assets
- $2,153,690,000
- Total deposits
- $1,535,194,000
- Estimated cost to the FDIC
- $133,204,444 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- DIF
- FDIC certificate
- 31293
Other bank failures in Colorado, 2009 to 2013
| 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 | |
| Southern Colorado National Bank | Pueblo | October 2, 2009 | $37.1 million | $29.6 million | $8.3 million | Legacy Bank |
| 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 |
Other failed banks First-Citizens Bank and Trust Company took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Temecula Valley Bank | Temecula | CA | July 17, 2009 | $1.40 billion | $1.28 billion | $227.4 million | First-Citizens Bank and Trust Company |
All bank failures in 2011 · All bank failures in Colorado · Every failed bank First-Citizens Bank and Trust Company took over · 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.