Bank failure · TX
The Commonwealth Bank (Bellaire, TX) — failed April 12, 1989
The Commonwealth Bank of Bellaire, Texas was closed on April 12, 1989 and resolved through a purchase and assumption. Park National Bank of Houst (TX) took over its insured deposits. At failure it held $65.8M in assets and $57.2M in deposits. The FDIC's estimated loss on the failure is $6.9M (10.4% of assets).
- Closing date
- April 12, 1989
- FDIC certificate #
- 22151
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Park National Bank of Houst
- Insurance fund
- FDIC
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