Bank failure · MO
First Fed. S & L of Southeast Mo. (Cape Girardeau, MO) — failed April 6, 1989
First Fed. S & L of Southeast Mo. of Cape Girardeau, Missouri was closed on April 6, 1989 and resolved through a purchase and assumption. Cape Cty Bank of Cape Girar (MO) took over its insured deposits. At failure it held $385.1M in assets and $332.1M in deposits. The FDIC's estimated loss on the failure is $33.4M (8.7% of assets).
- Closing date
- April 6, 1989
- FDIC certificate #
- 27775
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Cape Cty Bank of Cape Girar
- Insurance fund
- RTC
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