# GOLDEN CITY COMMERCIAL BANK

> **Failed bank** · NEW YORK, NY · failed 1999-12-10 · State commercial bank, non-Federal Reserve member (FDIC-supervised)

## What happened

GOLDEN CITY COMMERCIAL BANK of NEW YORK, NY was closed by regulators 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)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GOLDEN CITY COMMERCIAL BANK (FDIC ID 3523), failed 1999-12-10. Retrieved via AI Analytics 2026-05-23 from https://api.ai-analytics.org/failed-bank/3523.

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