Bank failure · LA
American Bank of Commerce (Lake Charles, LA) — failed December 17, 1987
American Bank of Commerce of Lake Charles, Louisiana was closed on December 17, 1987 and resolved through a purchase and assumption. National Bk Com Lake Cha (LA) took over its insured deposits. At failure it held $35.5M in assets and $36.2M in deposits. The FDIC's estimated loss on the failure is $4.3M (12.2% of assets).
- Closing date
- December 17, 1987
- FDIC certificate #
- 20098
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- National Bk Com Lake Cha
- Insurance fund
- FDIC
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