# MISSOURI SAVINGS ASSOCIATION

> **Failed bank** · CLAYTON, MO · failed 1989-06-29 · SL · FDIC cost $49M

## What happened

MISSOURI SAVINGS ASSOCIATION of CLAYTON, MO was closed by state regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- GERMANIA BANK, FSB (ALTON, IL) — failed 1990-06-22 — /failed-bank/2824

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MISSOURI%20SAVINGS%20ASSOCIATION

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MISSOURI SAVINGS ASSOCIATION (FDIC ID 2401), failed 1989-06-29. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2401.

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