# COMMUNITY FS & LA

> **Failed bank** · ST. LOUIS, MO · failed 1990-12-14 · SL · FDIC cost $306M

## What happened

COMMUNITY FS & LA of ST. LOUIS, MO was closed by state regulators on **1990-12-14**. The FDIC was named receiver.

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

Deposits were transferred to **BOATMEN'S BANCSHARES, INC.** (ST. LOUIS, MO). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2970
- **FDIC Certificate:** 28809
- **FDIC FIN:** 7253
- **Bank name:** COMMUNITY FS & LA
- **Location:** ST. LOUIS, MO
- **Failure date:** 1990-12-14
- **FDIC resolution date:** 1990-12-14
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $306M
- **Deposits at failure:** $2,283M
- **Assets at failure:** $1,977M
- **Acquiring bank:** BOATMEN'S BANCSHARES, INC. (ST. LOUIS, MO)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=COMMUNITY%20FS%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMUNITY FS & LA (FDIC ID 2970), failed 1990-12-14. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2970.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*