First Commerce National Bank
Phoenix, AZ · Owner: First Commerce Bcorp Inc
$20.3M
total assets, September 30, 1989
$20.3M
total assets, September 30, 1989
First Commerce National Bank was a national bank in Phoenix, AZ, owned by First Commerce Bcorp Inc. It failed on Dec 7, 1989, and Citicorp(arizona) took over its deposits. At its last report it held $20.3 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1989
This bank failed
- Failed on
- Dec 7, 1989
- Assets
- $20.3M
- Deposits
- $21.4M
- Estimated cost
- $2.4M
- Deposits went to
- Citicorp(arizona), Phoenix, AZ
Total assets
$20.3M
-37.9% in a year · -19.1% in a quarter
Deposits
$21.4M
-29.9% in a year · -9.5% in a quarter
Loans
$16.0M
-34.4% in a year · -16.1% in a quarter
Profit so far
-$2.8M
Jan 1 to Sep 30, 1989
Capital ratio
-5.38%
-11.00 pts in a year
Return on assets
-14.79%
-14.31 pts in a year
Facts
- Type
- National bank
- Head office
- 5336 North 19th Avenue, Phoenix, AZ, 85015
- County
- Maricopa
- Holding company
- First Commerce Bcorp Inc
- Established
- Dec 16, 1985
- Failed
- Dec 7, 1989
- Employees
- 10
- Id
- b26464
Quarter by quarter
December 31, 1985 to September 30, 1989
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is First Commerce National Bank?
$20.3 million in total assets and $21.4 million in deposits as of September 30, 1989, with assets down 37.9% from a year before. Its loans were $16.0 million.
Is First Commerce National Bank profitable?
No: it lost $2.79 million from January 1 to September 30, 1989. Its return on assets was -14.79% a year; about 1% is typical.
Who owns First Commerce National Bank?
First Commerce National Bank is owned by First Commerce Bcorp Inc, its holding company.
When did First Commerce National Bank fail?
Dec 7, 1989. Citicorp(arizona) of Phoenix, AZ took over its deposits. The estimated cost of the failure was $2.38 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.