Bank failure · TX
Commonwealth Bank (Arlington, TX) — failed October 5, 1989
Commonwealth Bank of Arlington, Texas was closed on October 5, 1989 and resolved through a purchase and assumption. Comerica Bank - Texas (TX) took over its insured deposits. At failure it held $74.9M in assets and $79.3M in deposits. The FDIC's estimated loss on the failure is $16.5M (22.0% of assets).
- Closing date
- October 5, 1989
- FDIC certificate #
- 23999
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Comerica Bank - Texas
- Insurance fund
- BIF
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