The Graveyard › Banks › 1988
Commerce Fs&La
Commerce · assisted August 18, 1988 · FDIC certificate 29390
Commerce Fs&La of Commerce was given assistance by the FSLIC on August 18, 1988. The FDIC's list records an assistance transaction, not a closing. It opened on March 25, 1935, 53 years before. At its last report before that it held $29.5 million in assets and $32.7 million in deposits. The FDIC estimates that the FSLIC's fund lost $9.9 million on it.
1984-031988-06
Assets at the end$29.5 millionlast report before August 18, 1988
Deposits at the end$32.7 million
Estimated loss to the fund$9.9 millionFSLIC
Equity to assets-11.1%June 30, 1988
Loans not being repaid4.2%noncurrent, June 30, 1988
Return on assets-1.95%a year's rate, June 30, 1988
Also ended in 1988
- American S&LA · Stockton · $30.2 billion in assets · assisted
- First Republicbank-Dallas, N.A. · Dallas, TX · $17.1 billion in assets
- Gibraltar SA · Houston · $6.5 billion in assets · assisted
- United Savings Association of Texas · Houston · $4.6 billion in assets · assisted
- First City, Texas - Houston, NA · Houston · $4.4 billion in assets · assisted
- First Texas Savings Association · Dallas · $3.1 billion 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.