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Friday, October 21, 2011

Bank Failure #84: Community Banks of Colorado, Greenwood Village, CO

by Calculated Risk on 10/21/2011 08:11:00 PM

Mountain high value
Ghost profits spun from thin air
Now a prairie dog.

by Soylent Green is People

From the FDIC: Bank Midwest, National Association, Kansas City, Missouri, Assumes All of the Deposits of Community Banks of Colorado, Greenwood, Colorado
As of June 30, 2011, Community Banks of Colorado had approximately $1.38 billion in total assets and $1.33 billion in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $224.9 million. ... Community Banks of Colorado is the 84th FDIC-insured institution to fail in the nation this year, and the sixth in Colorado.
That makes four today.