Bank failure · MO
Westbridge Bank and Trust Company (Chesterfield, MO) — failed October 15, 2010
Westbridge Bank and Trust Company of Chesterfield, Missouri was closed on October 15, 2010 and resolved through a purchase and assumption. Midland States Bank (IL) took over its insured deposits. At failure it held $87.8M in assets and $70.1M in deposits. The FDIC's estimated loss on the failure is $22.4M (25.6% of assets).
- Closing date
- October 15, 2010
- FDIC certificate #
- 58205
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Midland States Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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