Commonwealth Bank
Arlington, TX · Owner: Commonwealth Bcorp Inc
$74.9M
total assets, June 30, 1989
$74.9M
total assets, June 30, 1989
Commonwealth Bank was a state member bank in Arlington, TX, owned by Commonwealth Bcorp Inc. It failed on Oct 5, 1989, and Comerica Bank - Texas took over its deposits. At its last report it held $74.9 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1989
This bank failed
- Failed on
- Oct 5, 1989
- Assets
- $74.9M
- Deposits
- $79.3M
- Estimated cost
- $16.5M
- Deposits went to
- Comerica Bank - Texas, Dallas, TX
Total assets
$74.9M
-31.2% in a year · -13.2% in a quarter
Deposits
$79.3M
-21.7% in a year · -9.0% in a quarter
Loans
$47.2M
-34.9% in a year · -15.1% in a quarter
Profit so far
-$4.9M
Jan 1 to Jun 30, 1989 · -11523.3% in a year
Capital ratio
-6.02%
-12.35 pts in a year
Return on assets
-11.45%
-11.53 pts in a year
Facts
- Type
- State member bank
- Head office
- South Cooper At Pleasant Ridge Road, Arlington, TX, 76015
- County
- Tarrant
- Holding company
- Commonwealth Bcorp Inc
- Established
- Sep 1, 1982
- Failed
- Oct 5, 1989
- Employees
- 73
- Id
- b23999
Quarter by quarter
March 31, 1984 to June 30, 1989
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Commonwealth Bank?
$74.9 million in total assets and $79.3 million in deposits as of June 30, 1989, with assets down 31.2% from a year before. Its loans were $47.2 million.
Is Commonwealth Bank profitable?
No: it lost $4.91 million from January 1 to June 30, 1989. Its return on assets was -11.45% a year; about 1% is typical.
Who owns Commonwealth Bank?
Commonwealth Bank is owned by Commonwealth Bcorp Inc, its holding company.
When did Commonwealth Bank fail?
Oct 5, 1989. Comerica Bank - Texas of Dallas, TX took over its deposits. The estimated cost of the failure was $16.5 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.