Bank failure · CA

American Commerce National Bank (Anaheim, CA) — failed April 30, 1993

American Commerce National Bank of Anaheim, California was closed on April 30, 1993 and resolved through a purchase and assumption (insured deposits). Southern California Bank (CA) took over its insured deposits. At failure it held $139.1M in assets and $127.7M in deposits. The FDIC's estimated loss on the failure is $43.6M (31.3% of assets).