TellerScore

Bank failure · OH

Columbia Savings Bank (Cincinnati, OH) — failed May 23, 2014

Columbia Savings Bank of Cincinnati, Ohio was closed on May 23, 2014 and resolved through a purchase and assumption. United Fidelity Bank, FSB (IN) took over its insured deposits. At failure it held $36.5M in assets and $29.5M in deposits. The FDIC's estimated loss on the failure is $7.2M (19.8% of assets).

Closing date
May 23, 2014
FDIC certificate #
32284
Resolution
Purchase and assumption (failure)
Acquiring institution
United Fidelity Bank, fsb
Insurance fund
DIF
Pre-failure filings
Last reported financials

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What happens when a bank fails