The Graveyard › Banks › 2009

Gateway Bank of St. Louis

St Louis, MO · failed November 6, 2009 · FDIC certificate 19450

Gateway Bank of St. Louis of St Louis, MO failed on November 6, 2009. It opened on June 18, 1965, 44 years before. At its last report before that it held $26.9 million in assets and $27.5 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2006, it held $64.0 million. The FDIC estimates that the Deposit Insurance Fund lost $11.6 million on it.

1984-032009-09

Assets at the end$26.9 millionlast report before November 6, 2009

Deposits at the end$27.5 million

Estimated loss to the fund$11.6 millionDIF

Largest in the quarterly reports$64.0 millionMarch 31, 2006

Equity to assets-3.3%September 30, 2009

Loans not being repaid6.6%noncurrent, September 30, 2009

Return on assets-12.87%a year's rate, September 30, 2009

Staff16full time, September 30, 2009

On the FDIC's list: GATEWAY BANK OF ST LOUIS.

Could you have seen it coming? Play The Crash of '08

Also ended in 2009

Bank of America N.A. · Charlotte · $1.47 trillion in assets · assisted
FIA Card Services N.A. · Wilmington · $159.6 billion in assets · assisted
Countrywide Bank, FSB · Alexandria · $118.0 billion in assets · assisted
Merrill Lynch Bank USA · Salt Lake City · $61.8 billion in assets · assisted
Merrill Lynch Bank & Trust Co., FSB · New York · $38.0 billion in assets · assisted
Bank of America Rhode Island N.A. · Providence · $35.4 billion in assets · assisted

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.