The Federal Reserve board on Monday said it had banned Columbian Bank and Trust Co.'s holding company from taking dividends or other capital-reducing payments from the Kansas bank, which was shut on Friday.

The Fed, in a written agreement dated August 7 with Overland Park, Kansas-based Columbian Financial Corp., said the firm also could not make any payments of interest, principal or other sums on subordinated debentures or trust without prior approval of the Kansas City Fed.

But on Friday, Columbian Bank and Trust of Topeka, Kansas, was shut down by the Federal Deposit Insurance Corp. and other regulators, making it the ninth U.S. bank to fail.

The FDIC said Columbian Bank and Trust had $752 million in assets, $622 million in deposits and nine branches. The bank's branches were due to reopen on Monday under Citizens Bank and Trust of Chillicothe, Missouri, which has agreed to assume the failed bank's insured deposits.

According to the FDIC, Columbian Bank was the first bank to fail in Kansas since April 1993.