Bank failure · NY

Columbia Banking Fed. (Rochester, NY) — failed June 12, 1992

Columbia Banking Fed. of Rochester, New York was closed on June 12, 1992 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $1.3B in assets and $1.1B in deposits. The FDIC's estimated loss on the failure is $40.6M (3.2% of assets).