AMERICAN BANK OF COMMERCE Failed 1987
What happened
AMERICAN BANK OF COMMERCE of LAKE CHARLES, LA was closed on 1987-12-17. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to NATIONAL BK COM LAKE CHA (LAKE CHARLES, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1584
- FDIC Certificate
- 20098
- FDIC FIN
- 2767
- Bank name
- AMERICAN BANK OF COMMERCE
- Location
- LAKE CHARLES, LA
- Failure date
- 1987-12-17
- FDIC resolution date
- 1987-12-17
- 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.)
- $4M
- Deposits at failure
- $36M
- Assets at failure
- $35M
- Acquiring bank
- NATIONAL BK COM LAKE CHA (LAKE CHARLES, LA)