PLACER BANK OF COMMERCE Failed 1992
What happened
PLACER BANK OF COMMERCE of ROSEVILLE, CA was closed on 1992-03-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to AMERICAN RIVER BANK (SACRAMENTO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3299
- FDIC Certificate
- 24633
- FDIC FIN
- 4469
- Bank name
- PLACER BANK OF COMMERCE
- Location
- ROSEVILLE, CA
- Failure date
- 1992-03-27
- FDIC resolution date
- 1992-03-27
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $33M
- Assets at failure
- $35M
- Acquiring bank
- AMERICAN RIVER BANK (SACRAMENTO, CA)