Bank failure · FL

Commerce Bank of Tampa (Tampa, FL) — failed February 2, 1990

Commerce Bank of Tampa of Tampa, Florida was closed on February 2, 1990 and resolved through a purchase and assumption. Southern Exchange Bank (FL) took over its insured deposits. At failure it held $21.6M in assets and $22.3M in deposits. The FDIC's estimated loss on the failure is $4.0M (18.6% of assets).