# COMMONWEALTH BANK

> **Failed bank** · ARLINGTON, TX · failed 1989-10-05 · State commercial bank, Federal Reserve member · FDIC cost $16M

## What happened

COMMONWEALTH BANK of ARLINGTON, TX was closed by state regulators on **1989-10-05**. The FDIC was named receiver.

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

Deposits were transferred to **COMERICA BANK - TEXAS** (DALLAS, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2519
- **FDIC Certificate:** 23999
- **FDIC FIN:** 5998
- **Bank name:** COMMONWEALTH BANK
- **Location:** ARLINGTON, TX
- **Failure date:** 1989-10-05
- **FDIC resolution date:** 1989-10-05
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $16M
- **Deposits at failure:** $79M
- **Assets at failure:** $75M
- **Acquiring bank:** COMERICA BANK - TEXAS (DALLAS, TX)

## Other banks COMERICA BANK - TEXAS has acquired in FDIC resolutions

- PEOPLES STATE BANK (DALLAS, TX) — failed 1990-12-14 — /failed-bank/2966
- LONE STAR NATIONAL BANK (DALLAS, TX) — failed 1990-11-02 — /failed-bank/2930
- CONTINENTAL BANK (DALLAS, TX) — failed 1990-07-26 — /failed-bank/2854
- RICHARDSON NATIONAL BANK (RICHARDSON, TX) — failed 1990-05-03 — /failed-bank/2746

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMONWEALTH BANK (FDIC ID 2519), failed 1989-10-05. Retrieved via AI Analytics 2026-07-03 from https://api.ai-analytics.org/failed-bank/2519.

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