Data / Bank failures / 1991 / First Commerce SB, FSB
First Commerce SB, FSB, Lowell, IN: failed June 14, 1991
First Commerce SB, FSB in Lowell, Indiana, failed on June 14, 1991. Centier Bank of Whiting, IN, took over its deposits. It held $10.9 million in assets and $10.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.4 million (12.6% of its assets). By assets it was the 264th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- June 14, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Centier Bank, Whiting, IN
- Total assets
- $10,886,000
- Total deposits
- $10,520,000
- Estimated cost to the FDIC
- $1,366,351 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 31276
Other bank failures in Indiana, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Rushville National Bank | Rushville | December 18, 1992 | $41.6 million | $39.7 million | $6 million | Peoples Trust Co |
| Worthington State Bank | Worthington | November 14, 1991 | $36.6 million | $34.2 million | $1.4 million | First Farmers State Bank |
| Hometown Savings Bank FSB | Delphi | June 8, 1990 | $64.7 million | $58.7 million | $8.1 million | |
| First Federal S & L /central Indiana | Anderson | November 16, 1989 | $192.4 million | $176.7 million | $15.1 million | Shelby FSB |
| Pioneer Savings FA | Plymouth | July 13, 1989 | $81 million | $92.3 million | $1.2 million | Ameritrust NB |
All bank failures in 1991 · All bank failures in Indiana · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.