Bank failure · CO
American Bank of Commerce (Denver, CO) — failed May 6, 1987
American Bank of Commerce of Denver, Colorado was closed on May 6, 1987 and resolved through a purchase and assumption. Professional Bank of Co (CO) took over its insured deposits. At failure it held $25.5M in assets and $24.6M in deposits. The FDIC's estimated loss on the failure is $10.9M (42.9% of assets).
- Closing date
- May 6, 1987
- FDIC certificate #
- 26207
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Professional Bank of Co
- Insurance fund
- FDIC
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