FIRST EXCHANGE BANK OF ST. LOUIS Failed 1992
What happened
FIRST EXCHANGE BANK OF ST. LOUIS of ST. LOUIS, MO was closed on 1992-05-07. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to MAGNA BK ST LOUIS CLAYTO (CLAYTON, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3322
- FDIC Certificate
- 26613
- FDIC FIN
- 4488
- Bank name
- FIRST EXCHANGE BANK OF ST. LOUIS
- Location
- ST. LOUIS, MO
- Failure date
- 1992-05-07
- FDIC resolution date
- 1992-05-07
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $61M
- Assets at failure
- $56M
- Acquiring bank
- MAGNA BK ST LOUIS CLAYTO (CLAYTON, MO)