The Graveyard › Banks › 1987
American Bank of Commerce
Denver, CO · failed May 6, 1987 · FDIC certificate 26207
American Bank of Commerce of Denver, CO failed on May 6, 1987. It opened on March 29, 1985, 2 years before. At its last report before that it held $25.5 million in assets and $24.6 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $30.0 million. The FDIC estimates that the FDIC's insurance fund lost $10.9 million on it.
1985-031987-03
Assets at the end$25.5 millionlast report before May 6, 1987
Deposits at the end$24.6 million
Estimated loss to the fund$10.9 millionFDIC
Largest in the quarterly reports$30.0 millionMarch 31, 1985
Equity to assets1.0%March 31, 1987
Loans not being repaid12.4%noncurrent, March 31, 1987
Return on assets-13.97%a year's rate, March 31, 1987
Staff21full time, March 31, 1987
Also ended in 1987
- Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
- Freedom S&LA · Tampa, FL · $1.9 billion in assets
- Vernon S&LA · Vernon, TX · $1.3 billion in assets
- Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
- Independent American SA · Irving, TX · $1.0 billion in assets
- First Financial Bank, FSB · New Orleans · $744.9 million in assets · assisted
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.