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Bank failure · MO

St. Louis Fs&la (Clayton, MO) — failed December 22, 1986

St. Louis Fs&la of Clayton, Missouri was closed on December 22, 1986 and resolved through a a/a. First Nationwide Bank a FSB (CA) took over its insured deposits. At failure it held $955.4M in assets and $963.2M in deposits. The FDIC's estimated loss on the failure is $75.1M (7.9% of assets).

Closing date
December 22, 1986
FDIC certificate #
29096
Resolution
A/A (assistance)
Acquiring institution
First Nationwide Bank a FSB
Insurance fund
FSLIC

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What happens when a bank fails