# THE BANK OF COMMERCE

> **Failed bank** · CHANUTE, KS · failed 1985-05-02 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $16M

## What happened

THE BANK OF COMMERCE of CHANUTE, KS was closed by regulators 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
- **Estimated FDIC DIF cost:** $16M
- **Deposits at failure:** $64M
- **Assets at failure:** $67M
- **Acquiring bank:** BANK OF COMMERCE (CHANUTE, KS)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE BANK OF COMMERCE (FDIC ID 984), failed 1985-05-02. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/984.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*