WASHINGTON – 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.