Data / Bank failures / 1990 / Germania Bank, FSB
Germania Bank, FSB, Alton, IL: failed June 22, 1990
Germania Bank, FSB in Alton, Illinois, failed on June 22, 1990. Mercantile Bank of ST. Loui of ST. Louis, MO, took over its deposits. It held $785.5 million in assets and $663.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $60.7 million (7.7% of its assets). By assets it was the 37th largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- June 22, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Mercantile Bank of ST. Loui, ST. Louis, MO
- Total assets
- $785,535,000
- Total deposits
- $663,333,000
- Estimated cost to the FDIC
- $60,667,300 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 30353
Other bank failures in Illinois, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Irving FB for Savings | Chicago | November 20, 1992 | $247 million | $246.3 million | $4.6 million | |
| Republic FSB | Matteson | June 5, 1992 | $290.3 million | $264.2 million | $79 | Regency SB, FSB |
| Mayfair Bank | Chicago | June 4, 1992 | $32.2 million | $29.7 million | $1.2 million | Foster Bank |
| Lemont Fsa | Lemont | February 28, 1992 | $193.7 million | $188.8 million | $53 million | |
| Kempton State Bank | Kempton | February 7, 1992 | $3.6 million | $3.6 million | $564,121 | Vermilion Valley Bank |
| Western FS & La | Clenview | November 22, 1991 | $33.2 million | $26.4 million | $1.8 million | Devon Bank |
| United Savings of America | Chicago | September 27, 1991 | $1.16 billion | $1.07 billion | $63.5 million | First NB of Chicago |
| First Bank and Trust (assistance) | Harrisburg | September 16, 1991 | $26.6 million | $26.2 million | $626,895 | First Bank and Trust |
Other failed banks Mercantile Bank of ST. Loui took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Missouri Savings Association | Clayton | MO | June 29, 1989 | $661.1 million | $500.7 million | $48.8 million | Mercantile Bank of ST. Loui |
All bank failures in 1990 · All bank failures in Illinois · Every failed bank Mercantile Bank of ST. Loui took over · 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.