First National Bank of Vail
Vail, CO · Owner: Gore Valley Bcorp Inc
$3.6M
total assets, June 30, 1989
$3.6M
total assets, June 30, 1989
First National Bank of Vail was a national bank in Vail, CO, owned by Gore Valley Bcorp Inc. It failed on Oct 5, 1989, and Bank Northwest took over its deposits. At its last report it held $3.57 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1989
This bank failed
- Failed on
- Oct 5, 1989
- Assets
- $3.6M
- Deposits
- $3.5M
- Estimated cost
- $792K
- Deposits went to
- Bank Northwest, Steamboat Spring, CO
Total assets
$3.6M
-21.7% in a year · -39.5% in a quarter
Deposits
$3.5M
-18.8% in a year · -39.5% in a quarter
Loans
$2.0M
-33.4% in a year · -10.5% in a quarter
Profit so far
-$79K
Jan 1 to Jun 30, 1989
Capital ratio
1.50%
-3.39 pts in a year
Return on assets
-3.06%
-2.86 pts in a year
Facts
- Type
- National bank
- Head office
- 2111 North Frontage Road West, Vail, CO, 81657
- County
- Eagle
- Holding company
- Gore Valley Bcorp Inc
- Established
- May 15, 1984
- Failed
- Oct 5, 1989
- Employees
- 4
- Id
- b25190
Quarter by quarter
June 30, 1984 to June 30, 1989
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 First National Bank of Vail?
$3.57 million in total assets and $3.49 million in deposits as of June 30, 1989, with assets down 21.7% from a year before. Its loans were $1.98 million.
Is First National Bank of Vail profitable?
No: it lost $79,000 from January 1 to June 30, 1989. Its return on assets was -3.06% a year; about 1% is typical.
Who owns First National Bank of Vail?
First National Bank of Vail is owned by Gore Valley Bcorp Inc, its holding company.
When did First National Bank of Vail fail?
Oct 5, 1989. Bank Northwest of Steamboat Spring, CO took over its deposits. The estimated cost of the failure was $791,564.
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.