Bank failure · MO

The First National Bank of St. Joseph (St. Joseph, MO) — failed October 11, 1985

The First National Bank of St. Joseph of St. Joseph, Missouri was closed on October 11, 1985 and resolved through a purchase and assumption. Commerce Bk of St Joseph (MO) took over its insured deposits. At failure it held $193.5M in assets and $175.9M in deposits. The FDIC's estimated loss on the failure is $27.1M (14.0% of assets).