COMMERCE FSB Failed 1988
What happened
COMMERCE FSB of KNOXVILLE, TN was closed on 1988-08-26. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to SECURITY TRUST FS&LA (OAK RIDGE, TN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1890
- FDIC Certificate
- 31881
- FDIC FIN
- 1744
- Bank name
- COMMERCE FSB
- Location
- KNOXVILLE, TN
- Failure date
- 1988-08-26
- FDIC resolution date
- 1988-08-26
- Charter type
- Savings bank
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $21M
- Deposits at failure
- $51M
- Assets at failure
- $40M
- Acquiring bank
- SECURITY TRUST FS&LA (OAK RIDGE, TN)