AMERICAN BANK OF COMMERCE Failed 1987
What happened
AMERICAN BANK OF COMMERCE of DENVER, CO was closed on 1987-05-06. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PROFESSIONAL BANK OF CO (ENGLEWOOD, CO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1427
- FDIC Certificate
- 26207
- FDIC FIN
- 2683
- Bank name
- AMERICAN BANK OF COMMERCE
- Location
- DENVER, CO
- Failure date
- 1987-05-06
- FDIC resolution date
- 1987-05-06
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $11M
- Deposits at failure
- $25M
- Assets at failure
- $26M
- Acquiring bank
- PROFESSIONAL BANK OF CO (ENGLEWOOD, CO)