W. Va. bank failure not symptom of larger problem

Don’t expect the high-profile failure of First National Bank of Keystone, W.Va., to have a chilling effect on lending standards in Boulder County.

The failure of the Keystone-based bank could run the Federal Deposit Insurance Corp. (FDIC) $750 million to $850 million on one institution, says spokesman David Barr, who also notes the FDIC insurance fund has almost $30 billion available to cover bank loses.

But both Washington, D.C.-based regulators and bankers here say the recent bank failure – although a whopper – was an isolated incident that likely will prove in the end to be a result of fraud at the…