Bank failure · CA

Placer Bank of Commerce (Roseville, CA) — failed March 27, 1992

Placer Bank of Commerce of Roseville, California was closed on March 27, 1992 and resolved through a purchase and assumption. American River Bank (CA) took over its insured deposits. At failure it held $34.8M in assets and $33.1M in deposits. The FDIC's estimated loss on the failure is $5.3M (15.3% of assets).