Bank Failure
1st Commerce Bank
BankRegReports is independent of 1st Commerce Bank and never asks for online banking logins or passwords.
Closed June 6, 2013 · North Las Vegas, NV · FDIC Cert #58358.
- Closing date
- June 6, 2013
- Headquarters
- North Las Vegas, NV
- FDIC Certificate
- 58358
- Total assets at closing
- $20.2M
- Total deposits at closing
- $19.6M
- Estimated loss to the insurance fund
- $5.2M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Plaza Bank
Context
On June 6, 2013, regulators closed 1st Commerce Bank, headquartered in North Las Vegas, NV. At closing, the institution held approximately $20.2M in assets and $19.6M in deposits. The FDIC record names Plaza Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $5.2M.
By assets at closing this is the 2341st largest of the 3,526 bank failures in the FDIC record, and the 24th of 24 in 2013. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did 1st Commerce Bank fail?
1st Commerce Bank was closed by regulators on June 6, 2013.
Who acquired 1st Commerce Bank?
The FDIC record names Plaza Bank as the acquiring institution in the resolution of 1st Commerce Bank.
How big was 1st Commerce Bank when it failed?
1st Commerce Bank had approximately $20.2M in total assets and $19.6M in deposits at the time of failure.
Other failures in 2013
| Date | Bank | Assets |
|---|---|---|
| Dec 13, 2013 | Texas Community Bank, N.A. | $159.3M |
| Oct 30, 2013 | Bank of Jackson County | $24.7M |
| Sep 13, 2013 | First National Bank | $3.09B |
| Sep 13, 2013 | The Community's Bank | $26.4M |
| Aug 23, 2013 | Community South Bank | $386.9M |
| Aug 23, 2013 | Sunrise Bank of Arizona | $202.2M |
| Aug 9, 2013 | Bank of Wausau | $43.6M |
| Aug 2, 2013 | First Community Bank of Southwest Florida | $247.3M |
Explore: all failures · NV bank events · 2013 events · events hub