Bank failure · NY
Golden City Commercial Bank (New York, NY) — failed December 10, 1999
Golden City Commercial Bank of New York, New York was closed on December 10, 1999 and resolved through a purchase and assumption. Cathay Bank (CA) took over its insured deposits. At failure it held $87.2M in assets and $80.4M in deposits.
- Closing date
- December 10, 1999
- FDIC certificate #
- 26748
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Cathay Bank
- Insurance fund
- BIF