Bank failure · MO

New Age Fsa (St. Louis, MO) — failed August 23, 1991

New Age Fsa of St. Louis, Missouri was closed on August 23, 1991 and resolved through a purchase and assumption. Commerce Bank of St. Louis (MO) took over its insured deposits. At failure it held $9.2M in assets and $9.6M in deposits. The FDIC's estimated loss on the failure is $1.9M (20.5% of assets).