Please be advised you will not receive any email notification to claim/unlock/unsuspend your account or to provide any private information. Please be aware of any Phishing Scams to obtain information from you.
On Friday, November 6, 2009, Gateway Bank of St. Louis, St. Louis, MO was
closed by the Missouri Division of Finance, and
the Federal Deposit Insurance Corporation (FDIC)
was named Receiver. No advance notice is given to the
public when a financial institution is closed.
The FDIC has assembled useful information regarding your relationship with
this institution. Besides a checking
account, you may have Certificates of Deposit, a car loan, a business checking
account, a commercial loan, a Social Security direct deposit, and other relationships
with the institution. The FDIC has compiled the following information,
which should answer many of your questions.
The FDIC has issued a press release
(PR-200-2009) about
the institution's closure. If you represent a media outlet and would
like information about the closure, please contact
Greg Hernandez at 1-202-898-6984.
All deposit accounts have been transferred
to
Central Bank of Kansas City (Central Bank), Kansas City, MO ("assuming
institution")
and will be available immediately. On Saturday, November 7, 2009,
the former Gateway Bank of St. Louis location will
reopen as a branch of
Central Bank.
Your transferred deposits will be separately insured from any accounts
you may already have at Central Bank for six
months after the failure of Gateway Bank of St. Louis. Checks
that were drawn on Gateway Bank of St. Louis that did not
clear before the institution closed will be honored as long as there are
sufficient funds in the account. For more information on deposit insurance,
you may speak to an FDIC representative by calling 1-800-405-8124 or visit EDIE, the FDIC's Electronic Deposit Insurance Estimator.
You may withdraw your funds from any transferred
account without an early withdrawal penalty until you enter into a new deposit
agreement with Central Bank as long as
the deposits are not pledged as collateral for loans. You may view more
information about Central Bank by visiting their web site.
The Automated Teller Machines (ATM) and online service will remain available.
As of Saturday, November 7, 2009
you may continue to use the services to which you previously had access,
such
as
safe deposit boxes, night deposit boxes, wire services,
etc.
Your checks will be processed as usual. All outstanding checks
will be paid against your available balance(s) as if no change
had occurred. Your new bank will
contact you soon regarding any changes in the terms of your account. If
you have a problem with a merchant refusing to accept your check, please
contact your branch
office. An account representative will
clear up any confusion about the validity of your checks.
All interest accrued through Friday, November 6, 2009, will
be paid at your same rate. Central Bank will
be reviewing rates. You
will be notified of any changes.
Your automatic direct deposit(s) and/or automatic withdrawal(s) will be
transferred automatically to your new bank. If
you have any questions or special requests, you may contact a representative
of your assuming institution at your
branch office.
If you had a loan with Gateway Bank of St. Louis, you should continue to make your payments as usual. The
terms of your loan will not change, because they are contractually agreed to
in your promissory note. Checks should be made payable as usual and sent to the same address until further
notice. If you have further questions regarding an existing loan, please contact
your loan officer.
For all questions regarding new loans and the lending policies of Central Bank, please contact your branch office.
If you or your company provided a service or product, leased space, furniture,
or equipment to Gateway Bank of St. Louis after
Friday, November 6, 2009 and have not
been paid, you do not have
a claim against Gateway Bank of St. Louis. Please follow
your normal billing procedures by providing an invoice as instructed.
Claims against failed financial institutions occur when bills sent to the institution
remain unpaid at the time of failure. If you or your company provided a service
or product, leased space, furniture, or equipment to Gateway Bank of St. Louis prior
to Friday, November 6, 2009 and have not been
paid, you may be
entitled to a claim against the bank. If you provided a product to or a service
for Gateway Bank of St. Louis prior to the bank's failure for
which you have not
been
paid
and you have not received communication, please
contact:
Federal Deposit Insurance Corporation
Receiver: Gateway Bank of St. Louis
1601 Bryan Street
Dallas, Texas 75201
Attention: Claims Agent
Please note: There are time limits for filing a claim, your claim must be filed on or before 2/4/2010.
All shares of Gateway Bank of St. Louis were owned by its holding company, Gateway Bancshares Inc., St. Louis, Missouri. The holding company was not included in the closing of the bank or the resulting receivership. If you are a shareholder of Gateway Bancshares Inc., please do not contact or file a claim with the Receiver. You may contact Gateway Bancshares Inc., directly for information as follows:
Gateway Bancshares Inc. 3412 N. Union Boulevard
St. Louis, MO 63115
1-314-389-3000
The FDIC offers a reference guide to deposit brokers acting as agents for their investor clientele. This site
outlines the FDIC's policies and procedures that must be followed by deposit brokers when filing for pass-through insurance
coverage on custodial accounts deposited in a failed FDIC Insured Institution.
