# FIRST COMMERCE NATIONAL BANK

> **Failed bank** · PHOENIX, AZ · failed 1989-12-07 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

FIRST COMMERCE NATIONAL BANK of PHOENIX, AZ was closed by the OCC on **1989-12-07**. The FDIC was named receiver.

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

Deposits were transferred to **CITICORP(ARIZONA)** (PHOENIX, AZ). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2578
- **FDIC Certificate:** 26464
- **FDIC FIN:** 4128
- **Bank name:** FIRST COMMERCE NATIONAL BANK
- **Location:** PHOENIX, AZ
- **Failure date:** 1989-12-07
- **FDIC resolution date:** 1989-12-07
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $21M
- **Assets at failure:** $20M
- **Acquiring bank:** CITICORP(ARIZONA) (PHOENIX, AZ)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST COMMERCE NATIONAL BANK (FDIC ID 2578), failed 1989-12-07. Retrieved via AI Analytics 2026-07-12 from https://api.ai-analytics.org/failed-bank/2578.

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