The Graveyard › Banks › 1987
American Bank of Commerce
Lake Charles, LA · failed December 17, 1987 · FDIC certificate 20098
American Bank of Commerce of Lake Charles, LA failed on December 17, 1987. It opened on January 5, 1970, 17 years before. At its last report before that it held $35.5 million in assets and $36.2 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $4.3 million on it.
1984-031987-09
Assets at the end$35.5 millionlast report before December 17, 1987
Deposits at the end$36.2 million
Estimated loss to the fund$4.3 millionFDIC
Equity to assets-3.0%September 30, 1987
Loans not being repaid17.6%noncurrent, September 30, 1987
Return on assets-4.47%a year's rate, September 30, 1987
Staff48full time, September 30, 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.