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Wednesday, April 7, 2010 as of 11:14 AM ET

Commerce Bank

Commerce Bank is the name of several unrelated banks and bank holding companies in the United States, including:

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Global Commerce Is 12th Failed Bank Of Year

Global Commerce Bank of Doraville, Georgia has been closed by the Georgia Department of Banking and Finance, the Federal Deposit Insurance Corp.

said late Friday. It was the 12th failed bank of the year. The FDIC entered into a purchase and assumption agreement with Metro City Bank, also of Doraville, Georgia, to assume all of the deposits of Global Commerce Bank. As of Dec. 31, Global Commerce had about $143.7 million in total assets and $116.8 million in total deposits. Metro City has agreed to assume all the deposits of the failed bank and puchase about $79 million of the failed bank's assets. The FDIC will retain the remaining assets.Copyright © 2012 MarketWatch, Inc....

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