The Graveyard › Banks › 1986
Bank of Commerce
Morristown · assisted November 26, 1986 · FDIC certificate 15409
Bank of Commerce of Morristown was given assistance by the FDIC on November 26, 1986. The FDIC's list records an assistance transaction, not a closing. It opened on August 1, 1936, 50 years before. At its last report before that it held $66.6 million in assets and $64.7 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $11.3 million on it.
1984-031986-09
Assets at the end$66.6 millionlast report before November 26, 1986
Deposits at the end$64.7 million
Estimated loss to the fund$11.3 millionFDIC
Equity to assets0.6%September 30, 1986
Loans not being repaid26.6%noncurrent, September 30, 1986
Return on assets-0.67%a year's rate, September 30, 1986
Staff70full time, September 30, 1986
Also ended in 1986
- Western S&LA · Dallas, TX · $2.0 billion in assets
- The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
- Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
- National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
- Mainland S&LA · Houston, TX · $1.0 billion in assets
- American Diversified Savings Bank · Costa Mesa · $978.6 million in assets
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.