# COLONIAL SAVINGS ASSOCIATION

> **Failed bank** · LIBERAL, KS · failed 1989-03-02 · SL · FDIC cost $46M

## What happened

COLONIAL SAVINGS ASSOCIATION of LIBERAL, KS was closed by state regulators 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
- **Estimated FDIC DIF cost:** $46M
- **Deposits at failure:** $64M
- **Assets at failure:** $70M
- **Acquiring bank:** GARDEN NB OF GARDEN CITY (GARDEN CITY, KS)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=COLONIAL%20SAVINGS%20ASSOCIATION

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COLONIAL SAVINGS ASSOCIATION (FDIC ID 2152), failed 1989-03-02. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2152.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*