Colorado National Bank
Colorado Springs, CO · Owner: Team Finl Emp STK Ownership Plan
$124M
total assets, December 31, 2008
$124M
total assets, December 31, 2008
Colorado National Bank was a national bank in Colorado Springs, CO, owned by Team Finl Emp STK Ownership Plan. It failed on Mar 20, 2009, and Herring Bank took over its deposits. At its last report it held $123.5 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2008
This bank failed
- Failed on
- Mar 20, 2009
- Assets
- $124M
- Deposits
- $85.2M
- Estimated cost
- $12.7M
- Deposits went to
- Herring Bank, Amarillo, TX
Total assets
$124M
-8.9% in a year · +5.5% in a quarter
Deposits
$85.2M
-3.6% in a year · +9.6% in a quarter
Loans
$62.0M
-22.5% in a year · -12.3% in a quarter
Profit so far
-$8.5M
Jan 1 to Dec 31, 2008 · -1271.1% in a year
Capital ratio
5.55%
-1.69 pts in a year
Return on assets
-6.51%
-7.07 pts in a year
Facts
- Type
- National bank
- Head office
- 3110 North Nevada Avenue, Colorado Springs, CO, 80933
- County
- El Paso
- Holding company
- Team Finl Emp STK Ownership Plan
- Established
- Sep 24, 1963
- Failed
- Mar 20, 2009
- Employees
- 24
- Branches
- 4
- Id
- b18896
Quarter by quarter
March 31, 1984 to December 31, 2008
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 Colorado National Bank?
$123.5 million in total assets and $85.2 million in deposits as of December 31, 2008, with assets down 8.9% from a year before. Its loans were $62.0 million.
How many branches does Colorado National Bank have?
4 branches in Colorado as of June 30, 2026.
Is Colorado National Bank profitable?
No: it lost $8.55 million from January 1 to December 31, 2008. Its return on assets was -6.51% a year; about 1% is typical.
Who owns Colorado National Bank?
Colorado National Bank is owned by Team Finl Emp STK Ownership Plan, its holding company.
When did Colorado National Bank fail?
Mar 20, 2009. Herring Bank of Amarillo, TX took over its deposits. The estimated cost of the failure was $12.7 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.