# COLONIAL FEDERAL SAVINGS ASSOC.

> **Failed bank** · PRAIRIE VILLAGE, KS · failed 1990-01-18 · SL · FDIC cost $17M

## What happened

COLONIAL FEDERAL SAVINGS ASSOC. of PRAIRIE VILLAGE, KS was closed by state regulators on **1990-01-18**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST COLONIAL BANK NA** (PRAIRIE VILLAGE, KS). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2622
- **FDIC Certificate:** 31213
- **FDIC FIN:** 7125
- **Bank name:** COLONIAL FEDERAL SAVINGS ASSOC.
- **Location:** PRAIRIE VILLAGE, KS
- **Failure date:** 1990-01-18
- **FDIC resolution date:** 1990-08-10
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $17M
- **Deposits at failure:** $102M
- **Assets at failure:** $136M
- **Acquiring bank:** FIRST COLONIAL BANK NA (PRAIRIE VILLAGE, KS)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COLONIAL FEDERAL SAVINGS ASSOC. (FDIC ID 2622), failed 1990-01-18. Retrieved via AI Analytics 2026-07-09 from https://api.ai-analytics.org/failed-bank/2622.

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