Failed Bank List

Closed Friday, October 15, 2010 · Chesterfield, St. Louis County, Missouri

WestBridge Bank and Trust Company

WestBridge Bank and Trust Company failed four years after it opened in 2006. In the three years to the second quarter of 2008, its assets grew 642%. It lost money in every one of the five reporting years on file before it closed.

On the books, 2006 to 2010

Total assets and equity capital each quarter before closing, and the estimated lossTotal assetsEquity capitalEstimated loss$0$40M$80M$120M$160M2007200820092010Closed
Total assets peaked at $142 million and were 38% lower at the final report. Equity capital went from 63% of assets in the first quarter of 2006 to under 0.1% at the last report. By then 13% of its loans were 90 days or more past due or no longer accruing interest. The deepest annual loss, $4.9 million, was booked in 2009.
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−$6M2006: −$922 thousand200613%2007: −$848 thousand200710%2008: −$3.0 million20088.4%2009: −$4.9 million20093.3%2010: −$3.5 million2010*under 0.1%
* 2010: January to September only, the last report before closing.

Size against the other 2010 failures

Total assets of the 157 banks that failed in 2010, log scale$1M$10M$100M$1B$10B$100B
Total assets of each 2010 failure, log scale; WestBridge Bank and Trust Company in red.

By assets it ranked 128th of the 157 failures in 2010. Within Missouri it ranks 21st by size of the 122 failures recorded since 1934. Across the failures of 2010, the median estimated loss came to 21% of assets. In the size ranking of that year, just above it was Key West Bank of Key West, Florida ($88.0 million, loss 18% of assets); just below, ISN Bank of Cherry Hill, New Jersey ($81.6 million, loss 23% of assets). Every 2010 failure in the explorer.

Two other banks closed that day; the largest was Premier Bank of Jefferson City, Missouri, at $989 million.

Failures in Missouri

It was one of six banks in Missouri to fail in 2010. The previous failure there was Southwest Community Bank of Springfield, on May 14, 2010. The next was Sun Security Bank of Ellington, on October 7, 2011. St. Louis County has 7 failed banks on FDIC record since 1934. Closest in time: Missouri Savings Association (1989), St Louis County Federal Savings and Loan Association of Ferguson (1990), Community Federal Savings and Loan Association (1990), First Exchange Bank of North St. Louis County (1992), Champion Bank (2010).

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, 2010 in red. Every Missouri failure

The acquiring bank

Midland States Bank of Effingham, Illinois took over two failed banks between 2000 and 2026. The other:

  • Strategic Capital BankChampaign, IL · May 22, 2009

FDIC certificate 58205 · loss estimate as of July 31, 2026 · How to read this page