US regulators shut Columbian Bank in Kansas

Providing answers for surprised bank customers

Federal regulators have shut down Columbian Bank and Trust Co. in Kansas.

Federal regulators are shutting down Columbian Bank and Trust Co. in Kansas.

The Federal Deposit Insurance Corp. on Friday was appointed receiver of Columbian Bank of Topeka, which had $752 million in assets and $622 million in deposits as of June 30.

The FDIC said the bank's deposits will be assumed by Citizens Bank and Trust of Chillicothe, Mo. Its nine offices will reopen Monday as branches of Citizens Bank. Depositors of Columbian Bank will continue to have full access to their deposits, the agency said.

It was the ninth failure this year of an FDIC-insured bank.

There are four Columbian branches in Topeka.

A PDF copy of questions and answers for depositors that was handed out to customers by the FDIC ombudsman is available here.

If you are a depositor of the Columbian Bank, useful information and answers to frequently asked questions are available at the FDIC Web site, www.fdic.gov.

Also, Columbian Bank's Website www.columbianbank.com is linking to Citizen's Bank and Trust's Web site and can provide more information.

Currently in Topeka, KS

KTKA