BANK OF COMMERCE Failed 1990
What happened
BANK OF COMMERCE of ALEXANDRIA, LA was closed on 1990-12-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to THE EVANGELINE BANK AND TRU (VILLE PLATTE, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2963
- FDIC Certificate
- 26835
- FDIC FIN
- 4301
- Bank name
- BANK OF COMMERCE
- Location
- ALEXANDRIA, LA
- Failure date
- 1990-12-13
- FDIC resolution date
- 1990-12-13
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $20M
- Assets at failure
- $20M
- Acquiring bank
- THE EVANGELINE BANK AND TRU (VILLE PLATTE, LA)