COLUMBIA BANK Failed 1992
What happened
COLUMBIA BANK of AVONDALE, AZ was closed on 1992-02-27. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to VALLEY NB OF ARIZONA (PHOENIX, AZ). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3277
- FDIC Certificate
- 25907
- FDIC FIN
- 4455
- Bank name
- COLUMBIA BANK
- Location
- AVONDALE, AZ
- Failure date
- 1992-02-27
- FDIC resolution date
- 1992-02-27
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $17M
- Assets at failure
- $17M
- Acquiring bank
- VALLEY NB OF ARIZONA (PHOENIX, AZ)