# THE COMMONWEALTH BANK

> **Failed bank** · BELLAIRE, TX · failed 1989-04-12 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $7M

## What happened

THE COMMONWEALTH BANK of BELLAIRE, TX was closed by regulators on **1989-04-12**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **PARK NATIONAL BANK OF HOUST** (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2352
- **FDIC Certificate:** 22151
- **FDIC FIN:** 4004
- **Bank name:** THE COMMONWEALTH BANK
- **Location:** BELLAIRE, TX
- **Failure date:** 1989-04-12
- **FDIC resolution date:** 1989-04-12
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $7M
- **Deposits at failure:** $57M
- **Assets at failure:** $66M
- **Acquiring bank:** PARK NATIONAL BANK OF HOUST (HOUSTON, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20COMMONWEALTH%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE COMMONWEALTH BANK (FDIC ID 2352), failed 1989-04-12. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2352.

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