AMERICAN BANK OF COMMERCE, NA Failed 1990

What happened

AMERICAN BANK OF COMMERCE, NA of DEL RIO, TX was closed on 1990-08-30. The FDIC was named receiver.

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

Deposits were transferred to DEL RIO NATIONAL BANK (DEL RIO, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2884

FDIC Certificate

23402

FDIC FIN

4264

Bank name

AMERICAN BANK OF COMMERCE, NA

Location

DEL RIO, TX

Failure date

1990-08-30

FDIC resolution date

1990-08-30

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$4M

Deposits at failure

$17M

Assets at failure

$17M

Acquiring bank

DEL RIO NATIONAL BANK (DEL RIO, TX)