AMERICAN BANK OF COMMERCE Failed 1992
What happened
AMERICAN BANK OF COMMERCE of OKLAHOMA CITY, OK was closed on 1992-03-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to ROCKWELL BANK NATIONAL A (OKLAHOMA CITY, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3296
- FDIC Certificate
- 20284
- FDIC FIN
- 4468
- Bank name
- AMERICAN BANK OF COMMERCE
- Location
- OKLAHOMA CITY, OK
- Failure date
- 1992-03-26
- FDIC resolution date
- 1992-03-26
- 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.)
- $2M
- Deposits at failure
- $14M
- Assets at failure
- $13M
- Acquiring bank
- ROCKWELL BANK NATIONAL A (OKLAHOMA CITY, OK)