# COMMERCE SA

> **Failed bank** · SAN ANTONIO, TX · failed 1989-02-28 · SL · FDIC cost $595M

## What happened

COMMERCE SA of SAN ANTONIO, TX was closed by state regulators on **1989-02-28**. The FDIC was named receiver.

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

Deposits were transferred to **BANK OF AMERICA TX, NA** (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2135
- **FDIC Certificate:** 31040
- **FDIC FIN:** 7350
- **Bank name:** COMMERCE SA
- **Location:** SAN ANTONIO, TX
- **Failure date:** 1989-02-28
- **FDIC resolution date:** 1991-07-12
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $595M
- **Deposits at failure:** $801M
- **Assets at failure:** $807M
- **Acquiring bank:** BANK OF AMERICA TX, NA (HOUSTON, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMERCE SA (FDIC ID 2135), failed 1989-02-28. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2135.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*