Bank failure · MO
Cass Fs & LA of St. Louis (Florissant, MO) — failed April 6, 1989
Cass Fs & LA of St. Louis of Florissant, Missouri was closed on April 6, 1989 and resolved through a insured deposit transfer. First Exchange Bank (MO) took over its insured deposits. At failure it held $52.4M in assets and $65.8M in deposits. The FDIC's estimated loss on the failure is $12.6M (24.0% of assets).
- Closing date
- April 6, 1989
- FDIC certificate #
- 29017
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- First Exchange Bank
- Insurance fund
- RTC
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