Bank failure · TX
Commonwealth National Bank (Dallas, TX) — failed May 10, 1990
Commonwealth National Bank of Dallas, Texas was closed on May 10, 1990 and resolved through a purchase and assumption. Comerica Bank-Texas (TX) took over its insured deposits. At failure it held $44.5M in assets and $45.7M in deposits. The FDIC's estimated loss on the failure is $2.3M (5.2% of assets).
- Closing date
- May 10, 1990
- FDIC certificate #
- 19026
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Comerica Bank-Texas
- Insurance fund
- BIF
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