Bank Failure
Bohemian S&LA
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Closed January 30, 1986 · St. Louis, MO · FDIC Cert #32273.
- Closing date
- January 30, 1986
- Headquarters
- St. Louis, MO
- FDIC Certificate
- 32273
- Total assets at closing
- $242.4M
- Total deposits at closing
- $220.6M
- Estimated loss to the insurance fund
- $100.8M
- Insurance fund
- Federal Savings and Loan Insurance Corporation (FSLIC)
- Resolution
- Failure (closed by regulators)
- Acquirer
- United Postal, Sa
Context
On January 30, 1986, regulators closed Bohemian S&LA, headquartered in St. Louis, MO. At closing, the institution held approximately $242.4M in assets and $220.6M in deposits. The FDIC record names United Postal, Sa as the acquiring institution in the resolution. The estimated cost to the Federal Savings and Loan Insurance Corporation (FSLIC) was approximately $100.8M.
By assets at closing this is the 658th largest of the 3,526 bank failures in the FDIC record, and the 8th of 162 in 1986. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Bohemian S&LA fail?
Bohemian S&LA was closed by regulators on January 30, 1986.
Who acquired Bohemian S&LA?
The FDIC record names United Postal, Sa as the acquiring institution in the resolution of Bohemian S&LA.
How big was Bohemian S&LA when it failed?
Bohemian S&LA had approximately $242.4M in total assets and $220.6M in deposits at the time of failure.
Other failures in 1986
| Date | Bank | Assets |
|---|---|---|
| Dec 19, 1986 | Lakeland State Bank | $49.4M |
| Dec 19, 1986 | Farmers State Bank | $9.7M |
| Dec 18, 1986 | First Bank & Trust Co. | $94.9M |
| Dec 18, 1986 | Landmark National Bank | $12.9M |
| Dec 18, 1986 | Lago Vista National Bank | $11.9M |
| Dec 12, 1986 | Guaranty Federal Bank FSB | $63.8M |
| Dec 12, 1986 | First Savings of America | $47.0M |
| Dec 9, 1986 | The Citizens Bank of Windsor | $24.8M |
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