GOLDEN CITY COMMERCIAL BANK Failed 1999

NEW YORK, NY · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

GOLDEN CITY COMMERCIAL BANK of NEW YORK, NY was closed on 1999-12-10. The FDIC was named receiver.

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

Deposits were transferred to CATHAY BANK (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3523
FDIC Certificate
26748
FDIC FIN
4640
Bank name
GOLDEN CITY COMMERCIAL BANK
Location
NEW YORK, NY
Failure date
1999-12-10
FDIC resolution date
1999-12-10
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits at failure
$80M
Assets at failure
$87M
Acquiring bank
CATHAY BANK (LOS ANGELES, CA)