The Graveyard › Banks › 1989
Commonwealth Bank
Arlington, TX · failed October 5, 1989 · FDIC certificate 23999
Commonwealth Bank of Arlington, TX failed on October 5, 1989. It opened on September 1, 1982, 7 years before. At its last report before that it held $74.9 million in assets and $79.3 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $108.9 million. The FDIC estimates that the Bank Insurance Fund lost $16.5 million on it.
1984-031989-06
Assets at the end$74.9 millionlast report before October 5, 1989
Deposits at the end$79.3 million
Estimated loss to the fund$16.5 millionBIF
Largest in the quarterly reports$108.9 millionJune 30, 1988
Equity to assets-6.3%June 30, 1989
Loans not being repaid21.4%noncurrent, June 30, 1989
Return on assets-11.45%a year's rate, June 30, 1989
Staff73full time, June 30, 1989
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.