Colorado Bank Among 5 Financial Institutions Seized Friday

The first financial institution in Colorado is among five financial institutions that failed Friday 20 March and were seized by the FDIC. Colorado National Bank of Colorado Springs joins banks from Georgia and Kansas as well as credit unions from California and Kansas. These are the first two credit unions to fail in '09 and be seized by federal banking regulators, while the three banks raise the total of bank failures so far in '09 to 21.

Colorado National Bank had four locations in the Colorado Springs - Pikes Peak Front region and will be taken over by Herring Bank out of Amarillo.

http://www.marketwatch.com/news/story/Calamitous-day-sees-banks-credit/story.aspx?guid={1B67729E-D317-41BD-9503-11DE3E9B48AF}

http://bankimplode.com/blog/2009/03/20/colorado-national-bank-colorado-springs-co/

http://www.fdic.gov/bank/individual/failed/banklist.html

http://www.coloradonational.com/

http://www.bizjournals.com/denver/stories/2009/03/16/daily89.html

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