Bank failure · KS
Colonial Federal Savings Assoc. (Prairie Village, KS) — failed January 18, 1990
Colonial Federal Savings Assoc. of Prairie Village, Kansas was closed on January 18, 1990 and resolved through a purchase and assumption. First Colonial Bank NA (KS) took over its insured deposits. At failure it held $136.4M in assets and $102.4M in deposits. The FDIC's estimated loss on the failure is $16.6M (12.2% of assets).
- Closing date
- January 18, 1990
- FDIC certificate #
- 31213
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Colonial Bank NA
- Insurance fund
- RTC
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