Bank failure · AZ

Columbia Bank (Avondale, AZ) — failed February 27, 1992

Columbia Bank of Avondale, Arizona was closed on February 27, 1992 and resolved through a insured deposit transfer. Valley Nb of Arizona (AZ) took over its insured deposits. At failure it held $17.0M in assets and $16.9M in deposits. The FDIC's estimated loss on the failure is $3.7M (21.6% of assets).