Bank Failure
Gateway Bank of St Louis
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Closed November 6, 2009 · St Louis, MO · FDIC Cert #19450.
- Closing date
- November 6, 2009
- Headquarters
- St Louis, MO
- FDIC Certificate
- 19450
- Total assets at closing
- $26.9M
- Total deposits at closing
- $27.5M
- Estimated loss to the insurance fund
- $11.6M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Central Bank of Kansas City
Context
On November 6, 2009, regulators closed Gateway Bank of St Louis, headquartered in St Louis, MO. At closing, the institution held approximately $26.9M in assets and $27.5M in deposits. The FDIC record names Central Bank of Kansas City as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $11.6M.
By assets at closing this is the 2124th largest of the 3,526 bank failures in the FDIC record, and the 137th of 140 in 2009. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Gateway Bank of St Louis fail?
Gateway Bank of St Louis was closed by regulators on November 6, 2009.
Who acquired Gateway Bank of St Louis?
The FDIC record names Central Bank of Kansas City as the acquiring institution in the resolution of Gateway Bank of St Louis.
How big was Gateway Bank of St Louis when it failed?
Gateway Bank of St Louis had approximately $26.9M in total assets and $27.5M in deposits at the time of failure.
Other failures in 2009
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 2009 | First Federal Bank of California, a Federal Savings Bank | $6.14B |
| Dec 18, 2009 | Imperial Capital Bank | $4.05B |
| Dec 18, 2009 | Peoples First Community Bank | $1.80B |
| Dec 18, 2009 | New South Federal Savings Bank | $1.46B |
| Dec 18, 2009 | Independent Bankers' Bank | $585.5M |
| Dec 18, 2009 | Rockbridge Commercial Bank | $294.0M |
| Dec 18, 2009 | Citizens State Bank | $168.6M |
| Dec 11, 2009 | Solutionsbank | $511.1M |
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