Failed Bank List

Closed Friday, November 6, 2009 · St. Louis, St. Louis City, Missouri

Gateway Bank of St. Louis

Gateway Bank of St. Louis's assets had shrunk 58% from their peak in the first quarter of 2006 by the last report before closing. Equity capital was below zero at its last report. It reported a net loss in six of its final nine reporting years.

On the books, 2001 to 2009

Total assets and equity capital each quarter before closing, and the estimated lossTotal assetsEquity capitalEstimated loss$0$20M$40M$60M$80M20022003200420052006200720082009Closed
Total assets peaked at $64.0 million. Equity capital had covered 7.4% of assets in the fourth quarter of 2001. The deepest annual loss, $2.8 million, was booked in 2009 in only part of the year.
Net income in each reporting year before closing, with equity capital as a share of assets at year endNet income per yearEquity to assets at year end$3.2M−$3.2M2001: $334 thousand20017.4%2002: $137 thousand20029.2%2003: −$274 thousand20039.9%2004: $137 thousand20047.4%2005: −$188 thousand20056.0%2006: −$202 thousand20069.0%2007: −$1.4 million200710%2008: −$1.7 million20086.4%2009: −$2.8 million2009*neg.
* 2009: January to September only, the last report before closing.

Size against the other 2009 failures

Total assets of the 140 banks that failed in 2009, log scale$10M$100M$1B$10B$100B
Total assets of each 2009 failure, log scale; Gateway Bank of St. Louis in red.

By assets it ranked 137th of the 140 failures in 2009. Within Missouri it ranks 38th by size of the 122 failures recorded since 1934. Across the failures of 2009, the median estimated loss came to 27% of assets. In the size ranking of that year, just above it was First State Bank of Winchester of Winchester, Illinois ($30.1 million, loss 27% of assets); just below, First Bank of Kansas City of Kansas City, Missouri ($15.7 million, loss 48% of assets). Every 2009 failure in the explorer.

Regulators closed five banks that day. The largest of the others was United Commercial Bank of San Francisco, California, at $10.9 billion.

Failures in Missouri

It was one of three banks in Missouri to fail in 2009. The previous failure there was First Bank of Kansas City of Kansas City, on September 4, 2009. The next was Bank of Leeton of Leeton, on January 22, 2010. St. Louis City has 5 failed banks on FDIC record since 1934. The others: Bohemian Savings and Loan Association (1986), New Age Federal Savings and Loan Association of St Louis (1991), First Exchange Bank of St. Louis (1992), Truman Bank (2012).

Bank failures in Missouri per year, 1980 to 20260258101982: 21983: 11984: 21985: 91986: 101987: 41988: 21989: 71990: 61991: 21992: 81994: 12008: 22009: 32010: 62011: 12012: 419801990200020102020
Per year since 1980, 2009 in red. Every Missouri failure

FDIC certificate 19450 · loss estimate as of July 31, 2026 · How to read this page