Bank Branches › Closed and merged banks › Illinois › Gem City Savings and Loan Association
What happened to Gem City Savings and Loan Association?
Gem City Savings and Loan Association in Quincy, IL failed, and Gem City Federal Savings and Loan Association of Quincy, IL took it over on Jan 18, 1990. After 6 more changes of hands, what was Gem City Savings and Loan Association is today part of First Bank (St. Louis, MO).
The chain, step by step
From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.
- 1889Gem City Savings and Loan Association opens in Quincy, IL
- Jan 18, 1990FAILEDGem City Savings and Loan Association failed, and Gem City Federal Savings and Loan Association of Quincy, IL took it over.FDIC certificate 28830 ends; its business continues under certificate 32868.
- Sep 7, 1990RESOLVEDGem City Federal Savings and Loan Association of Quincy, IL was closed in a federal resolution, and its business passed to First Bank A Savings Bank of Clayton, MO.FDIC certificate 32868 ends; its business continues under certificate 28806.
- Dec 1, 1993MERGEDFirst Bank A Savings Bank of Clayton, MO merged into First Bank A Savings Bank of Clayton, MO.FDIC certificate 28806 ends; its business continues under certificate 29030.
- Dec 7, 1994MERGEDFirst Bank A Savings Bank of Clayton, MO merged into First Bank A Federal Savings Bank of Clayton, MO.FDIC certificate 29030 ends; its business continues under certificate 30941.
- Jan 4, 1995MERGEDFirst Bank A Federal Savings Bank of Clayton, MO merged into First Bank, Federal Savings Bank of Clayton, MO.FDIC certificate 30941 ends; its business continues under certificate 32600.
- Dec 13, 1996MERGEDFirst Bank, Federal Savings Bank of Clayton, MO merged into St Charles Federal Savings and Loan Association of Clayton, MO.FDIC certificate 32600 ends; its business continues under certificate 31790.
- Nov 1, 1997MERGEDSt Charles Federal Savings and Loan Association (by then renamed First Bank, A Federal Savings Bank) of Clayton, MO merged into First Bank of St. Louis, MO.FDIC certificate 31790 ends; its business continues under certificate 12229.
- TodayOPEN
First BankMain office St. Louis, MO · FDIC certificate 12229 · 76 offices in 4 states on June 30, 2026Every First Bank office → Website on file with the FDIC: WWW.FIRST.BANK
If you still have something from Gem City Savings and Loan Association
A lien that was never released
Gem City Savings and Loan Association failed on Jan 18, 1990, handled by the Resolution Trust Corporation, the agency that closed failed savings institutions from 1989 to 1995. The FDIC's lien-release page covers failed banks and savings and loans placed in FDIC receivership; it does not say how releases work for resolutions this old.
Call FDIC Resolution Inquiries at 888-206-4662 (8am–4pm Central, weekdays) and ask whether the FDIC holds this institution's receivership. Ask First Bank as well: the chain above leads there. The FDIC's own instructions are at FDIC, Obtaining a Lien Release.
An old account, passbook or CD
When a healthy bank assumes a failed bank's deposits, insured depositors become its customers right away (here, Gem City Federal Savings and Loan Association). Start with First Bank, and ask them to search under the name Gem City Savings and Loan Association.
This failure is older than the current federal rule on unclaimed deposits (mid-1993), so different rules apply. Search FDIC unclaimed funds search, search the unclaimed-property program of the state of the owner's last known address on the bank's records, and ask FDIC Resolution Inquiries at 888-206-4662 what applies to this institution.
A safe deposit box
The FDIC says that when a healthy bank assumes a failed bank's deposits, the branches usually reopen the next business day with box access. Today, ask First Bank. A box abandoned for years may have been turned over to the state's unclaimed-property program.
Box contents are not covered by FDIC insurance.
Not sure this is your bank?
Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.
Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.
One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain.
This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.
Where the guidance comes from ▾
Banks folded into Gem City Savings and Loan Association
1 bank merged directly into this charter; counting the banks those had absorbed earlier, 2 charters end up inside it.
| Bank | Ended |
|---|---|
| Security Savings and Loan AssociationDecatur, IL | Apr 30, 1983 |
Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 28830 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.