Bank failure · TX
Commonwealth Savings Assoc. (Houston, TX) — failed March 9, 1989
Commonwealth Savings Assoc. of Houston, Texas was closed on March 9, 1989 and resolved through a insured deposit transfer. Branch Sale (NA) took over its insured deposits. At failure it held $1.6B in assets and $1.6B in deposits. The FDIC's estimated loss on the failure is $1.6B (97.9% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 31896
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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