The Graveyard › Banks › 1989
The Commonwealth Bank
Bellaire, TX · failed April 12, 1989 · FDIC certificate 22151
The Commonwealth Bank of Bellaire, TX failed on April 12, 1989. It opened on October 23, 1975, 13 years before. At its last report before that it held $65.8 million in assets and $57.2 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $82.9 million. The FDIC estimates that the FDIC's insurance fund lost $6.9 million on it.
1984-031988-12
Assets at the end$65.8 millionlast report before April 12, 1989
Deposits at the end$57.2 million
Estimated loss to the fund$6.9 millionFDIC
Largest in the quarterly reports$82.9 millionJune 30, 1985
Equity to assets0.0%December 31, 1988
Loans not being repaid7.0%noncurrent, December 31, 1988
Return on assets-0.70%a year's rate, December 31, 1988
Staff31full time, December 31, 1988
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.