NEW AGE FSA Failed 1991
What happened
NEW AGE FSA of ST. LOUIS, MO was closed on 1991-08-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COMMERCE BANK OF ST. LOUIS (ST. LOUIS, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3168
- FDIC Certificate
- 27657
- FDIC FIN
- 2183
- Bank name
- NEW AGE FSA
- Location
- ST. LOUIS, MO
- Failure date
- 1991-08-23
- FDIC resolution date
- 1992-03-19
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $10M
- Assets at failure
- $9M
- Acquiring bank
- COMMERCE BANK OF ST. LOUIS (ST. LOUIS, MO)