# COMMERCE FSB

> **Failed bank** · KNOXVILLE, TN · failed 1988-08-26 · Savings bank · FDIC cost $21M

## What happened

COMMERCE FSB of KNOXVILLE, TN was closed by state regulators 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
- **Estimated FDIC DIF cost:** $21M
- **Deposits at failure:** $51M
- **Assets at failure:** $40M
- **Acquiring bank:** SECURITY TRUST FS&LA (OAK RIDGE, TN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=COMMERCE%20FSB

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMERCE FSB (FDIC ID 1890), failed 1988-08-26. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/1890.

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