August 24, 2008 – 12:10 am
Starring in this August 22nd edition of “FDIC Friday” is Columbian Bank of Topeka, KS, which developer loans seem to have sunk. Here is the usual boilerplate FDIC page on the shutdown.
This is from Bloomberg:
The bank, with $752 million in assets and $622 million in total deposits, was shuttered by the Kansas state bank commissioner’s office and the Federal Deposit Insurance Corp., the FDIC said today in a statement.
Citizens Bank and Trust will assume the failed bank’s insured deposits. Columbian Bank’s nine branches will open Aug. 25 as Citizens Bank and Trust offices, the FDIC said. Customers can access their accounts over the weekend by writing checks or using ATM or debit cards.
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