MISSOURI SAVINGS ASSOCIATION Failed 1989
What happened
MISSOURI SAVINGS ASSOCIATION of CLAYTON, MO was closed on 1989-06-29. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MERCANTILE BANK OF ST. LOUI (ST. LOUIS, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2401
- FDIC Certificate
- 28581
- FDIC FIN
- 7165
- Bank name
- MISSOURI SAVINGS ASSOCIATION
- Location
- CLAYTON, MO
- Failure date
- 1989-06-29
- FDIC resolution date
- 1990-09-07
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $49M
- Deposits at failure
- $501M
- Assets at failure
- $661M
- Acquiring bank
- MERCANTILE BANK OF ST. LOUI (ST. LOUIS, MO)
Other banks MERCANTILE BANK OF ST. LOUI acquired in FDIC resolutions