COLONIAL SAVINGS ASSOCIATION Failed 1989
What happened
COLONIAL SAVINGS ASSOCIATION of LIBERAL, KS was closed on 1989-03-02. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to GARDEN NB OF GARDEN CITY (GARDEN CITY, KS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2152
- FDIC Certificate
- 31132
- FDIC FIN
- 6921
- Bank name
- COLONIAL SAVINGS ASSOCIATION
- Location
- LIBERAL, KS
- Failure date
- 1989-03-02
- FDIC resolution date
- 1989-09-22
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $46M
- Deposits at failure
- $64M
- Assets at failure
- $70M
- Acquiring bank
- GARDEN NB OF GARDEN CITY (GARDEN CITY, KS)