Bank Failure
American Bank of Commerce, N.A.
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Closed August 30, 1990 · Del Rio, TX · FDIC Cert #23402.
- Closing date
- August 30, 1990
- Headquarters
- Del Rio, TX
- FDIC Certificate
- 23402
- Total assets at closing
- $17.4M
- Total deposits at closing
- $17.5M
- Estimated loss to the insurance fund
- $3.6M
- Insurance fund
- Bank Insurance Fund (BIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Del Rio National Bank
Context
On August 30, 1990, regulators closed American Bank of Commerce, N.A., headquartered in Del Rio, TX. At closing, the institution held approximately $17.4M in assets and $17.5M in deposits. The FDIC record names Del Rio National Bank as the acquiring institution in the resolution. The estimated cost to the Bank Insurance Fund (BIF) was approximately $3.6M.
By assets at closing this is the 2444th largest of the 3,526 bank failures in the FDIC record, and the 324th of 381 in 1990. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did American Bank of Commerce, N.A. fail?
American Bank of Commerce, N.A. was closed by regulators on August 30, 1990.
Who acquired American Bank of Commerce, N.A.?
The FDIC record names Del Rio National Bank as the acquiring institution in the resolution of American Bank of Commerce, N.A.
How big was American Bank of Commerce, N.A. when it failed?
American Bank of Commerce, N.A. had approximately $17.4M in total assets and $17.5M in deposits at the time of failure.
Other failures in 1990
| Date | Bank | Assets |
|---|---|---|
| Dec 28, 1990 | Capitol Bank and Trust Company | $485.6M |
| Dec 28, 1990 | Southern FS | $230.8M |
| Dec 28, 1990 | First FS & La of Andalusia | $38.7M |
| Dec 27, 1990 | Enterprise Savings Bank, F.A. | $432.6M |
| Dec 21, 1990 | Arkansas FSB | $71.7M |
| Dec 15, 1990 | Mid-America FS & La | $1.21B |
| Dec 14, 1990 | Community FS & La | $1.98B |
| Dec 14, 1990 | Comfed Savings Bank | $1.40B |
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