# COLONIAL FSB

> **Failed bank** · CRANSTON, RI · failed 1991-05-10 · SL · FDIC cost $29M

## What happened

COLONIAL FSB of CRANSTON, RI was closed by state regulators on **1991-05-10**. The FDIC was named receiver.

**Resolution:** PO

Deposits were transferred to **PAYOUT** (NONE, NA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3101
- **FDIC Certificate:** 32537
- **FDIC FIN:** 2173
- **Bank name:** COLONIAL FSB
- **Location:** CRANSTON, RI
- **Failure date:** 1991-05-10
- **FDIC resolution date:** 1992-03-13
- **Charter type:** SL
- **Resolution type:** PO
- **Estimated FDIC DIF cost:** $29M
- **Deposits at failure:** $62M
- **Assets at failure:** $61M
- **Acquiring bank:** PAYOUT (NONE, NA)

## Other banks PAYOUT has acquired in FDIC resolutions

- WESTSIDE BANK, FSB (LOS ANGELES, CA) — failed 1993-09-24 — /failed-bank/3477
- GOLDEN STATE FSB (IRVINE, CA) — failed 1993-08-13 — /failed-bank/3471
- VISTA FSA (CANOGA PARK, CA) — failed 1993-01-29 — /failed-bank/3436
- ADVANCED FSB (NORTHRIDGE, CA) — failed 1992-01-24 — /failed-bank/3262
- DAVY CROCKETT FS & LA (CROCKETT, TX) — failed 1991-09-13 — /failed-bank/3186
- FIDELITY FS & LA (AUSTIN, TX) — failed 1991-07-12 — /failed-bank/3142
- SENTRY FSA (NORFOLK, VA) — failed 1991-05-03 — /failed-bank/3084
- ATASCOSA SA (JOURDANTON, TX) — failed 1990-11-30 — /failed-bank/2951
- LOUISIANA FEDERAL SAVINGS BANK (KENNER, LA) — failed 1990-11-09 — /failed-bank/2936
- DESOTO FS & LA (MANSFIELD, LA) — failed 1990-11-02 — /failed-bank/2931

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COLONIAL FSB (FDIC ID 3101), failed 1991-05-10. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3101.

---

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