COMMERCIAL STATE BANK Failed 1989
What happened
COMMERCIAL STATE BANK of HOUSTON, TX was closed on 1989-01-12. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CHANNELVIEW BANK (CHANNELVIEW, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2067
- FDIC Certificate
- 16837
- FDIC FIN
- 2953
- Bank name
- COMMERCIAL STATE BANK
- Location
- HOUSTON, TX
- Failure date
- 1989-01-12
- FDIC resolution date
- 1989-01-12
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $49M
- Assets at failure
- $49M
- Acquiring bank
- CHANNELVIEW BANK (CHANNELVIEW, TX)
Other banks CHANNELVIEW BANK acquired in FDIC resolutions