TellerScore

Bank failure · MO

Gateway Bank of St Louis (St Louis, MO) — failed November 6, 2009

Gateway Bank of St Louis of St Louis, Missouri was closed on November 6, 2009 and resolved through a purchase and assumption. Central Bank of Kansas City (MO) took over its insured deposits. At failure it held $26.9M in assets and $27.5M in deposits. The FDIC's estimated loss on the failure is $11.6M (43.3% of assets).

Closing date
November 6, 2009
FDIC certificate #
19450
Resolution
Purchase and assumption (failure)
Acquiring institution
Central Bank of Kansas City
Insurance fund
DIF
Pre-failure filings
Last reported financials

Other failures in 2009

What happens when a bank fails