# GERMANIA BANK, FSB

> **Failed bank** · ALTON, IL · failed 1990-06-22 · Savings bank · FDIC cost $61M

## What happened

GERMANIA BANK, FSB of ALTON, IL was closed by state regulators on **1990-06-22**. 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:** 2824
- **FDIC Certificate:** 30353
- **FDIC FIN:** 7374
- **Bank name:** GERMANIA BANK, FSB
- **Location:** ALTON, IL
- **Failure date:** 1990-06-22
- **FDIC resolution date:** 1991-07-26
- **Charter type:** Savings bank
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $61M
- **Deposits at failure:** $663M
- **Assets at failure:** $786M
- **Acquiring bank:** MERCANTILE BANK OF ST. LOUI (ST. LOUIS, MO)

## Other banks MERCANTILE BANK OF ST. LOUI has acquired in FDIC resolutions

- MISSOURI SAVINGS ASSOCIATION (CLAYTON, MO) — failed 1989-06-29 — /failed-bank/2401

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=GERMANIA%20BANK%2C%20FSB

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GERMANIA BANK, FSB (FDIC ID 2824), failed 1990-06-22. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/2824.

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