Bank failure · KS
Colonial Savings Association (Liberal, KS) — failed March 2, 1989
Colonial Savings Association of Liberal, Kansas was closed on March 2, 1989 and resolved through a insured deposit transfer. Garden Nb of Garden City (KS) took over its insured deposits. At failure it held $70.3M in assets and $64.2M in deposits. The FDIC's estimated loss on the failure is $45.7M (65.1% of assets).
- Closing date
- March 2, 1989
- FDIC certificate #
- 31132
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Garden Nb of Garden City
- Insurance fund
- RTC
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