Bank failure · MO
Colonial S & LA (Cape Girardeau, MO) — failed January 26, 1990
Colonial S & LA of Cape Girardeau, Missouri was closed on January 26, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $170.9M in assets and $157.4M in deposits. The FDIC's estimated loss on the failure is $8.0M (4.7% of assets).
- Closing date
- January 26, 1990
- FDIC certificate #
- 30309
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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