THE BANK OF COMMERCE Failed 1986

SHREVEPORT, LA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

THE BANK OF COMMERCE of SHREVEPORT, LA was closed on 1986-06-13. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to PEOPLES B&T NATCHITOCHES (NATCHITOCHES, LA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1212
FDIC Certificate
21889
FDIC FIN
2567
Bank name
THE BANK OF COMMERCE
Location
SHREVEPORT, LA
Failure date
1986-06-13
FDIC resolution date
1986-06-13
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$28M
Deposits at failure
$74M
Assets at failure
$75M
Acquiring bank
PEOPLES B&T NATCHITOCHES (NATCHITOCHES, LA)