Columbian Bank in Kansas: FAIL

Comment #8

Gentlespirit — Tue, 26 Aug 2008 00:03:56 GMT

Whew!!! I'm glad I got my 3.5 million out of that bank in time!!! :)

Comment #7

time*treat — Mon, 25 Aug 2008 14:14:49 GMT

Now I'm really concerned. Clinton was elected in '92. :-(

Comment #6

justxploring — Mon, 25 Aug 2008 08:39:09 GMT

I don't know if this link will work. It's an article written in March 1992. Just one quote from it: "The F.D.I.C. expects about 200 bank failures this year, up from 124 in 1991, and it has already closed 21 banks." <br

Comment #5

Tenaj — Mon, 25 Aug 2008 04:30:25 GMT

This remind me of what happened to the S&Ls and how it was all planned to bring them down. We've been warned that it was going to happen. My surprise is that this is happening so soon.

Comment #4

time*treat — Sun, 24 Aug 2008 21:04:45 GMT

If you've lived (or followed events) overseas, you know how Monday's 'problema pequinita' can turn into Friday's 'agitacion civil'.

Comment #3

justxploring — Sun, 24 Aug 2008 20:35:33 GMT

Agree & disagree. I agree that when a small business is taken over by a large corporation, it's disturbing. I've often called it the Walmart syndrome. Almost every small book store has closed because of Barnes & Noble & a friend who ran a pet store finally had to give up because of the national chains like Petsmart and Pet Supermarket. That's the way America's been heading for a long time. Here's the disagree part. What difference does it make if you have money in a bank on that list... [ More ]

Comment #2

konane — Sun, 24 Aug 2008 20:12:19 GMT

"Hmm... reminds me of the tale of how to catch wild pigs." Yep remember than one. Our monetary dilemmas have been well orchestrated over time, almost like a symphony.

Comment #1

Rick G — Sun, 24 Aug 2008 19:57:08 GMT

The US Treasury is working overtime in the printing dept. They may as well circulate toilet paper...it has more value.

Original Blog Entry: Columbian Bank in Kansas: FAIL

time*treat — Sun, 24 Aug 2008 17:44:16 GMT

http://www.ktka.com/news/2008/aug/22/us_regulators_shut_columbian_bank_kansas/

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

The FDIC said the bank's deposits will be assumed by Citizens Bankand Trust of Chillicothe, Mo. Its nine offices will reopen Monday asbranches of Citizens Bank. Depositors of Columbian Bank will continueto 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.

Is your bank on the secret list ?

As one bank assumes the deposits of each failed bank, eventually there is a point where only a single bank is left. Hmm... reminds me of the tale of how to catch wild pigs.

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