Failed Bank List

Closed Friday, July 10, 2015 · Denver, Denver County, Colorado

Premier Bank

No bank in Colorado had failed for three years, since Community Banks of Colorado closed in 2011. Premier Bank's assets had shrunk 72% from their peak in the third quarter of 2007 by the last report before closing. It reported a net loss in eight of its final nine reporting years.

On the books, 2007 to 2015

Total assets and equity capital each quarter before closing, and the estimated lossTotal assetsEquity capitalEstimated loss$0$25M$50M$75M$100M2008200920102011201220132014Closed
Total assets peaked at $94.5 million. Equity capital went from 11% of assets in the third quarter of 2007 to 0.5% at the last report. By then 13% of its loans were 90 days or more past due or no longer accruing interest. The deepest annual loss, $3.2 million, was booked in 2008.
Net income in each reporting year before closing, with equity capital as a share of assets at year endNet income per yearEquity to assets at year end$3.2M−$3.2M2007: −$811 thousand200711%2008: −$3.2 million20087.5%2009: −$2.0 million20096.3%2010: −$1.5 million20105.5%2011: −$1.9 million20113.0%2012: $302 thousand20124.8%2013: −$529 thousand20133.2%2014: −$917 thousand20142.0%2015: −$625 thousand2015*0.5%
* 2015: January to June only, the last report before closing.

Size against the other 2015 failures

Total assets of the 8 banks that failed in 2015, log scale$1M$10M$100M$1B$10B
Total assets of each 2015 failure, log scale; Premier Bank in red.

By assets it ranked seventh of the 8 failures in 2015. Within Colorado it ranks 36th by size of the 98 failures recorded since 1934. Across the failures of 2015, the median estimated loss came to 11% of assets. In the size ranking of that year, just above it was Highland Community Bank of Chicago, Illinois ($54.7 million, loss 8.7% of assets); just below, Hometown National Bank of Longview, Washington ($3.8 million, loss 26% of assets). Every 2015 failure in the explorer.

Failures in Colorado

No bank in Colorado has failed since. Denver County has 22 failed banks on FDIC record since 1934. Closest in time: Dominion National Bank of Denver (1990), Rocky Mountain National Bank (1990), The National City Bank of Denver (1990), Cherry Creek National Bank (1990), United Western Bank (2011).

Bank failures in Colorado per year, 1980 to 2026051015201981: 11983: 11984: 21985: 71986: 71987: 141988: 111989: 201990: 111991: 31993: 11998: 12009: 32011: 62015: 119801990200020102020
Per year since 1980, 2015 in red. Every Colorado failure

The acquiring bank

United Fidelity Bank, fsb of Evansville, Indiana took over five failed banks between 2000 and 2026. The others:

All 5 banks it took over.

FDIC certificate 34112 · loss estimate as of July 31, 2026 · How to read this page