Data / Bank failures / 1990 / Community FS & La
Community FS & La, ST. Louis, MO: failed December 14, 1990
Community FS & La in ST. Louis, Missouri, failed on December 14, 1990. Boatmen's Bancshares, Inc. of ST. Louis, MO, took over its deposits. It held $1.98 billion in assets and $2.28 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $305.9 million (15.5% of its assets). By assets it was the 17th largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- December 14, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Boatmen's Bancshares, Inc., ST. Louis, MO
- Total assets
- $1,977,010,000
- Total deposits
- $2,282,847,000
- Estimated cost to the FDIC
- $305,918,885 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 28809
Other bank failures in Missouri, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Merchants Bank | Kansas City | November 20, 1992 | $1.45 billion | $1.40 billion | $123.2 million | Boatmen's First NB of KC |
| Metro North State Bank | Kansas City | November 13, 1992 | $472.5 million | $493.8 million | $159.5 million | Boatmen's First NB of KC |
| First Exchange Bank North ST. Louis | Florissant | May 7, 1992 | $45.9 million | $47 million | First Bank A Savings Ban | |
| First Exchange Bank of ST. Louis | ST. Louis | May 7, 1992 | $55.6 million | $60.9 million | $7.1 million | Magna BK ST Louis Clayto |
| First Exchange Bank of Cape Girardeau | Cape Girardeau | May 7, 1992 | $84.4 million | $87 million | $9.7 million | Commerce BK Poplar Bluff |
| First Exchange Bank of Madison County | Fredericktown | May 7, 1992 | $34.8 million | $34.2 million | $1.6 million | Commerce BK ST Francois |
| Jackson Exchange Bank & Trust Co | Jackson | May 7, 1992 | $123.3 million | $127.8 million | $16.4 million | Boatmens NB Cape Girarde |
| First State Sa | Sedalia | April 3, 1992 | $166.1 million | $163.9 million | $2,023 | Mercantile Bank of Sedalia |
All bank failures in 1990 · All bank failures in Missouri · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.