Bank failure · TX

American Bank of Commerce, NA (Del Rio, TX) — failed August 30, 1990

American Bank of Commerce, NA of Del Rio, Texas was closed on August 30, 1990 and resolved through a purchase and assumption. Del Rio National Bank (TX) took over its insured deposits. At failure it held $17.4M in assets and $17.5M in deposits. The FDIC's estimated loss on the failure is $3.6M (20.7% of assets).