THE BANK OF COMMERCE Failed 1985

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

What happened

THE BANK OF COMMERCE of CHANUTE, KS was closed on 1985-05-02. The FDIC was named receiver.

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

Deposits were transferred to BANK OF COMMERCE (CHANUTE, KS). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
984
FDIC Certificate
11775
FDIC FIN
2459
Bank name
THE BANK OF COMMERCE
Location
CHANUTE, KS
Failure date
1985-05-02
FDIC resolution date
1985-05-02
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.)
$16M
Deposits at failure
$64M
Assets at failure
$67M
Acquiring bank
BANK OF COMMERCE (CHANUTE, KS)