Data / Bank failures / 1985 / The Commercial Bank
The Commercial Bank, Andalusia, AL: received FDIC assistance August 16, 1985
The Commercial Bank in Andalusia, Alabama, received open bank assistance from the FDIC on August 16, 1985. It held $77.8 million in assets and $76.4 million in deposits at its last report. By assets it was the 55th largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- August 16, 1985
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- The Commercial Bank, Andalusia, AL
- Total assets
- $77,816,000
- Total deposits
- $76,446,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 55
Other bank failures in Alabama, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Gulf FS&LA (assistance) | Mobile | November 12, 1987 | $6.1 million | $6.5 million | $1.3 million | Gulf Federal Bank A FSB |
| Phenix FS&LA | Phenix City | September 18, 1987 | $225.5 million | $235.5 million | ||
| The Peoples Bank | Collinsville | April 22, 1987 | $11.9 million | $11.9 million | $934,187 | Bank of Geraldine |
| First State Bank of Atmore | Atmore | February 19, 1987 | $12.4 million | $12.4 million | First NB of Atmore | |
| Rainsville Bank | Rainsville | May 9, 1986 | $17.5 million | $16.1 million | $565,811 | Jacobs Bank |
| The First National Bank of Jacksonville | Jacksonville | July 5, 1985 | $43.3 million | $39.6 million | $9.1 million | Amsouth Bank of Jacksonv |
| Cherokee County Bank | Centre | June 5, 1984 | $39.4 million | $37.6 million | $7.1 million | First Albank of Anniston |
| First FS&LA of Monroeville (assistance) | Monroeville | December 30, 1983 | $29.8 million | $29.8 million | $2.5 million | Jefferson FS&LA |
All bank failures in 1985 · All bank failures in Alabama · 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.