COMMERCE BANK OF TAMPA Failed 1990
What happened
COMMERCE BANK OF TAMPA of TAMPA, FL was closed on 1990-02-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SOUTHERN EXCHANGE BANK (TAMPA, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2640
- FDIC Certificate
- 26429
- FDIC FIN
- 4149
- Bank name
- COMMERCE BANK OF TAMPA
- Location
- TAMPA, FL
- Failure date
- 1990-02-02
- FDIC resolution date
- 1990-02-02
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $22M
- Assets at failure
- $22M
- Acquiring bank
- SOUTHERN EXCHANGE BANK (TAMPA, FL)