Bank failure · TX
Commercial State Bank (Houston, TX) — failed January 12, 1989
Commercial State Bank of Houston, Texas was closed on January 12, 1989 and resolved through a purchase and assumption. Channelview Bank (TX) took over its insured deposits. At failure it held $49.2M in assets and $48.6M in deposits. The FDIC's estimated loss on the failure is $4.8M (9.8% of assets).
- Closing date
- January 12, 1989
- FDIC certificate #
- 16837
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Channelview Bank
- Insurance fund
- FDIC
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