Bank Failure
Bank of Commerce
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Closed September 25, 1968 · Tonkawa, OK .
- Closing date
- September 25, 1968
- Headquarters
- Tonkawa, OK
- Total assets at closing
- $5.6M
- Total deposits at closing
- $5.2M
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
Context
On September 25, 1968, regulators closed Bank of Commerce, headquartered in Tonkawa, OK. At closing, the institution held approximately $5.6M in assets and $5.2M in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 2972nd largest of the 3,526 bank failures in the FDIC record, and the 3rd of 3 in 1968. It falls in the period the record labels Postwar Stability (1945-1979), a period with 161 failures peaking at 16 in 1976.
Three decades of regulated calm — Reg Q ceilings, geographic branching limits, and high industry profits kept failures rare.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Bank of Commerce fail?
Bank of Commerce was closed by regulators on September 25, 1968.
How big was Bank of Commerce when it failed?
Bank of Commerce had approximately $5.6M in total assets and $5.2M in deposits at the time of failure.
Other failures in 1968
| Date | Bank | Assets |
|---|---|---|
| May 27, 1968 | Central National Bank of Jacksonville | $13.4M |
| Feb 13, 1968 | Lorenzo State Bank | $6.2M |
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