Bank failure · OK

American Bank of Commerce (Oklahoma City, OK) — failed March 26, 1992

American Bank of Commerce of Oklahoma City, Oklahoma was closed on March 26, 1992 and resolved through a purchase and assumption. Rockwell Bank National a (OK) took over its insured deposits. At failure it held $13.5M in assets and $13.8M in deposits. The FDIC's estimated loss on the failure is $2.3M (16.7% of assets).