AMERICAN COMMERCE NATIONAL BANK Failed 1993
What happened
AMERICAN COMMERCE NATIONAL BANK of ANAHEIM, CA was closed on 1993-04-30. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to SOUTHERN CALIFORNIA BANK (DOWNEY, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3452
- FDIC Certificate
- 25055
- FDIC FIN
- 4576
- Bank name
- AMERICAN COMMERCE NATIONAL BANK
- Location
- ANAHEIM, CA
- Failure date
- 1993-04-30
- FDIC resolution date
- 1993-04-30
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $44M
- Deposits at failure
- $128M
- Assets at failure
- $139M
- Acquiring bank
- SOUTHERN CALIFORNIA BANK (DOWNEY, CA)
Other banks SOUTHERN CALIFORNIA BANK acquired in FDIC resolutions