Bank failure · TX

Commerce Fs&la (Commerce, TX) — failed August 18, 1988

Commerce Fs&la of Commerce, Texas was closed on August 18, 1988 and resolved through a a/a. American Federal Bank FSB (TX) took over its insured deposits. At failure it held $29.5M in assets and $32.7M in deposits. The FDIC's estimated loss on the failure is $9.9M (33.4% of assets).