Bank of Choice
Greeley, CO · Owner: Bank of Choice Holding Co
$954M
total assets, June 30, 2011
$954M
total assets, June 30, 2011
Bank of Choice was a state nonmember bank in Greeley, CO, owned by Bank of Choice Holding Co. It failed on Jul 22, 2011, and Bank Midwest, National Association took over its deposits. At its last report it held $954.1 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2011
This bank failed
- Failed on
- Jul 22, 2011
- Assets
- $954M
- Deposits
- $819M
- Estimated cost
- $136M
- Deposits went to
- Bank Midwest, National Association, Kansas City, MO
Total assets
$954M
-25.3% in a year · -10.5% in a quarter
Deposits
$819M
-22.9% in a year · -11.5% in a quarter
Loans
$583M
-24.8% in a year · -9.5% in a quarter
Profit so far
-$14.9M
Jan 1 to Jun 30, 2011
Capital ratio
1.76%
-3.99 pts in a year
Return on assets
-2.82%
-0.91 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 3780 West 10th Street, Greeley, CO, 80634
- County
- Weld
- Holding company
- Bank of Choice Holding Co
- Established
- Jan 1, 1896
- Failed
- Jul 22, 2011
- Employees
- 210
- Branches
- 17
- Id
- b2994
Quarter by quarter
March 31, 1984 to June 30, 2011
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Bank of Choice?
$954.1 million in total assets and $818.7 million in deposits as of June 30, 2011, with assets down 25.3% from a year before. Its loans were $583.3 million.
How many branches does Bank of Choice have?
17 branches in Colorado as of June 30, 2026.
Is Bank of Choice profitable?
No: it lost $14.9 million from January 1 to June 30, 2011. Its return on assets was -2.82% a year; about 1% is typical.
Who owns Bank of Choice?
Bank of Choice is owned by Bank of Choice Holding Co, its holding company.
When did Bank of Choice fail?
Jul 22, 2011. Bank Midwest, National Association of Kansas City, MO took over its deposits. The estimated cost of the failure was $135.6 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.