Bank Failure
Columbia Savings Bank
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Closed May 23, 2014 · Cincinnati, OH · FDIC Cert #32284.
- Closing date
- May 23, 2014
- Headquarters
- Cincinnati, OH
- FDIC Certificate
- 32284
- Total assets at closing
- $36.5M
- Total deposits at closing
- $29.5M
- Estimated loss to the insurance fund
- $7.2M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- United Fidelity Bank, FSB
Context
On May 23, 2014, regulators closed Columbia Savings Bank, headquartered in Cincinnati, OH. At closing, the institution held approximately $36.5M in assets and $29.5M in deposits. The FDIC record names United Fidelity Bank, FSB as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $7.2M.
By assets at closing this is the 1882nd largest of the 3,526 bank failures in the FDIC record, and the 16th of 18 in 2014. It falls in the period the record labels Post-Dodd-Frank Calm (2014-2022), a period with 47 failures peaking at 18 in 2014.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Columbia Savings Bank fail?
Columbia Savings Bank was closed by regulators on May 23, 2014.
Who acquired Columbia Savings Bank?
The FDIC record names United Fidelity Bank, FSB as the acquiring institution in the resolution of Columbia Savings Bank.
How big was Columbia Savings Bank when it failed?
Columbia Savings Bank had approximately $36.5M in total assets and $29.5M in deposits at the time of failure.
Other failures in 2014
| Date | Bank | Assets |
|---|---|---|
| Dec 19, 2014 | Northern Star Bank | $18.8M |
| Nov 7, 2014 | Frontier Bank, FSB | $80.7M |
| Oct 24, 2014 | The National Republic Bank of Chicago | $843.1M |
| Oct 17, 2014 | NBRS Financial Bank | $155.4M |
| Jul 25, 2014 | Greenchoice Bank, FSB | $70.3M |
| Jul 18, 2014 | Eastside Commercial Bank | $173.9M |
| Jun 27, 2014 | The Freedom State Bank | $22.8M |
| Jun 20, 2014 | Valley Bank | $456.4M |
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