# FIRST FED. S & L OF SOUTHEAST MO.

> **Failed bank** · CAPE GIRARDEAU, MO · failed 1989-04-06 · SL · FDIC cost $33M

## What happened

FIRST FED. S & L OF SOUTHEAST MO. of CAPE GIRARDEAU, MO was closed by state regulators on **1989-04-06**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **CAPE CTY BANK OF CAPE GIRAR** (JACKSON, MO). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2318
- **FDIC Certificate:** 27775
- **FDIC FIN:** 7014
- **Bank name:** FIRST FED. S & L OF SOUTHEAST MO.
- **Location:** CAPE GIRARDEAU, MO
- **Failure date:** 1989-04-06
- **FDIC resolution date:** 1990-05-18
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $33M
- **Deposits at failure:** $332M
- **Assets at failure:** $385M
- **Acquiring bank:** CAPE CTY BANK OF CAPE GIRAR (JACKSON, MO)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FED.%20S%20%26%20L%20OF%20SOUTHEAST%20MO.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FED. S & L OF SOUTHEAST MO. (FDIC ID 2318), failed 1989-04-06. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/failed-bank/2318.

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