# COMMERCE BANK

> **Failed bank** · NEWPORT BEACH, CA · failed 1994-07-29 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $14M

## What happened

COMMERCE BANK of NEWPORT BEACH, CA was closed by regulators on **1994-07-29**. The FDIC was named receiver.

**Resolution:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to **CALIFORNIA STATE BANK** (COVINA, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3492
- **FDIC Certificate:** 22796
- **FDIC FIN:** 4614
- **Bank name:** COMMERCE BANK
- **Location:** NEWPORT BEACH, CA
- **Failure date:** 1994-07-29
- **FDIC resolution date:** 1994-07-29
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- **Estimated FDIC DIF cost:** $14M
- **Deposits at failure:** $138M
- **Assets at failure:** $142M
- **Acquiring bank:** CALIFORNIA STATE BANK (COVINA, CA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=COMMERCE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMERCE BANK (FDIC ID 3492), failed 1994-07-29. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/failed-bank/3492.

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