# PEOPLES NB OF COMMERCE

> **Failed bank** · MIAMI, FL · failed 1999-09-10 · National commercial bank (OCC-chartered) · FDIC cost $3M

## What happened

PEOPLES NB OF COMMERCE of MIAMI, FL was closed by the OCC on **1999-09-10**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **BOSTON BANK OF COMMERCE** (BOSTON, MA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3521
- **FDIC Certificate:** 18147
- **FDIC FIN:** 4638
- **Bank name:** PEOPLES NB OF COMMERCE
- **Location:** MIAMI, FL
- **Failure date:** 1999-09-10
- **FDIC resolution date:** 1999-09-10
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $36M
- **Assets at failure:** $37M
- **Acquiring bank:** BOSTON BANK OF COMMERCE (BOSTON, MA)

## Other banks BOSTON BANK OF COMMERCE has acquired in FDIC resolutions

- UNITY BK & TR COMPANY (BOSTON, MA) — failed 1982-07-30 — /failed-bank/680

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PEOPLES NB OF COMMERCE (FDIC ID 3521), failed 1999-09-10. Retrieved via AI Analytics 2026-07-09 from https://api.ai-analytics.org/failed-bank/3521.

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