COLUMBIA FED. SAVINGS BANK Failed 1989
What happened
COLUMBIA FED. SAVINGS BANK of WESTPORT, CT was closed on 1989-02-17. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to GATEWAY BANK (SOUTH NORWALK, CT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2124
- FDIC Certificate
- 31420
- FDIC FIN
- 6961
- Bank name
- COLUMBIA FED. SAVINGS BANK
- Location
- WESTPORT, CT
- Failure date
- 1989-02-17
- FDIC resolution date
- 1990-04-12
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $19M
- Deposits at failure
- $144M
- Assets at failure
- $146M
- Acquiring bank
- GATEWAY BANK (SOUTH NORWALK, CT)
Other banks GATEWAY BANK acquired in FDIC resolutions