New Frontier Bank, Greeley, CO

The FDIC racked up its 25th troubled bank closure by shutting down New Frontier Bank, Greeley, CO.

U.S. regulators Friday closed New Frontier Bank of Greeley, Colorado, and set up a temporary bank so depositors can open accounts at other insured institutions.

The Federal Deposit Insurance Corp said it immediately transferred New Frontier’s insured deposits to the Deposit Insurance National Bank of Greeley (DINB), except for brokered deposits, certificates of deposit and individual retirement accounts.

The Deposit Insurance National Bank will remain open for about 30 days so customers can move their funds to other banks.

If you are a depositor of New Frontier Bank, you can get more information from the FDIC’s website.

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