The Graveyard › Banks › 1990
Commerce Bank of Tampa
Tampa, FL · failed February 2, 1990 · FDIC certificate 26429
Commerce Bank of Tampa of Tampa, FL failed on February 2, 1990. It opened on November 15, 1985, 4 years before. At its last report before that it held $21.6 million in assets and $22.3 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1988, it held $26.4 million. The FDIC estimates that the Bank Insurance Fund lost $4.0 million on it.
1985-121989-12
Assets at the end$21.6 millionlast report before February 2, 1990
Deposits at the end$22.3 million
Estimated loss to the fund$4.0 millionBIF
Largest in the quarterly reports$26.4 millionDecember 31, 1988
Equity to assets-3.7%December 31, 1989
Loans not being repaid10.9%noncurrent, December 31, 1989
Return on assets-13.01%a year's rate, December 31, 1989
Staff19full time, December 31, 1989
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 billion 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.