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Bank Failures

Bid Summary for Gateway Bank of St. Louis, St. Louis, MO

Gateway Bank of St. Louis, St. Louis, MO
Closing Date: November 6, 2009

Failed Bank Information for Gateway Bank of St. Louis, St. Louis, MO

BidderType of TransactionDeposit Premium %Asset Premium/(Discount) $(000)SF Loss Share Tranche 1SF Loss Share Tranche 2SF Loss Share Tranche 3Commercial Loss Share Tranche 1Commercial Loss Share Tranche 2Commercial Loss Share Tranche 3Value Appreciation InstrumentConforming BidLinked
Winning bid and bidder: Central Bank of Kansas City, Kansas City, MissouriAll deposit whole bank0.00%$(9,975)N/AN/AN/AN/AN/AN/ANoYesN/A
Other bids: None            

Notes:

  • The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative. The liquidation alternative was valued using valuation models to estimate the market value of the assets. If any bids were received that would have been more costly than liquidation they have been excluded from this summary.
  • For more information on the bid disclosure policy, see Failed Financial Institution Bid Disclosure Policy


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Last Updated: December 20, 2021