GLOBAL COMMERCE BANK Failed 2012

DORAVILLE, GA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

GLOBAL COMMERCE BANK of DORAVILLE, GA was closed on 2012-03-02. The FDIC was named receiver.

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

Deposits were transferred to METRO CITY BANK (DORAVILLE, GA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3994
FDIC Certificate
34046
FDIC FIN
10428
Bank name
GLOBAL COMMERCE BANK
Location
DORAVILLE, GA
Failure date
2012-03-02
FDIC resolution date
2012-03-02
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.)
$40M
Deposits at failure
$117M
Assets at failure
$144M
Acquiring bank
METRO CITY BANK (DORAVILLE, GA)