Colombo Bank

Colombo Bank was established on July 1, 1968, originally under the name Independence Federal Savings and Loan Association. Over the years, the institution underwent several name changes and organizational transformations. On July 1, 1981, it acquired Community Federal Savings and Loan Association of Washington, D.C., marking a significant expansion. In April 1984, the institution changed its name to Independence Federal Savings Bank, and by June 30, 1986, it transitioned to a mutual savings bank structure. Following a series of regulatory changes, including a shift to commercial banking on June 23, 2017, and a change of primary federal regulatory agency to the Federal Deposit Insurance Corporation that same day, the bank rebranded itself as Colombo Bank. Its main office relocated multiple times, with significant moves in 2009, 2013, and finally to 1600 East Gude Drive in Rockville, Maryland, on October 23, 2014. Ultimately, Colombo Bank was merged into FVCbank on October 13, 2018, in Fairfax, Virginia.

Below is a list of some important events in banks history, including mergers and acquisitions.

1968-07-01Institution established. Original name: Independence Federal Savings and Loan Association.

1981-07-01Acquired Community Federal Savings and Loan Association of Wash in Washington, DC as part of a government assisted merger.

1984-07-31Changed Institution Name to Independence Federal Savings Bank.

1986-04-30Main Office moved to 1229 Connecticut Avenue N W, Washington, DC 20036.

1986-06-30Changed Organization Type to Mutual Savings Bank.

2009-07-06Main Office moved to 1301 9th Street N W, Washington, DC 20001.

2011-07-21Changed Primary Federal Regulatory Agency to The Office of the Comptroller of the Currency.

2013-11-28Changed Institution Name to Colombo Bank.

2013-11-28Main Office moved to 14801 Southlawn Lane, Rockville, MD 20850.

2013-11-28Acquired Colombo Bank in Rockville, MD.

2014-10-23Main Office moved to 1600 East Gude Drive, Rockville, MD 20850.

2017-06-23Changed Chartering Agency to State.

2017-06-23Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

2017-06-23Changed Primary Federal Regulatory Agency to FDIC.

2017-06-23Changed Organization Type to Commercial Bank.

2018-10-13Merged and became part of FVCbank in Fairfax, VA.