Bank failure · IN

First Commerce Sb, FSB (Lowell, IN) — failed June 14, 1991

First Commerce Sb, FSB of Lowell, Indiana was closed on June 14, 1991 and resolved through a purchase and assumption. Centier Bank (IN) took over its insured deposits. At failure it held $10.9M in assets and $10.5M in deposits. The FDIC's estimated loss on the failure is $1.4M (12.6% of assets).