The Commonwealth Bank
Bellaire, TX · Owner: First Commonwealth Bancshares
$65.8M
total assets, December 31, 1988
$65.8M
total assets, December 31, 1988
The Commonwealth Bank was a state nonmember bank in Bellaire, TX, owned by First Commonwealth Bancshares. It failed on Apr 12, 1989, and Park National Bank Of Houst took over its deposits. At its last report it held $65.8 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1988
This bank failed
- Failed on
- Apr 12, 1989
- Assets
- $65.8M
- Deposits
- $57.2M
- Estimated cost
- $6.9M
- Deposits went to
- Park National Bank Of Houst, Houston, TX
Total assets
$65.8M
+12.0% in a year · +8.3% in a quarter
Deposits
$57.2M
+14.4% in a year · -1.3% in a quarter
Loans
$25.0M
-19.4% in a year · -3.7% in a quarter
Profit so far
-$436K
Jan 1 to Dec 31, 1988
Capital ratio
0.04%
-0.83 pts in a year
Return on assets
-0.70%
-0.21 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 6750 West Loop South, Bellaire, TX, 77401
- County
- Harris
- Holding company
- First Commonwealth Bancshares
- Established
- Oct 23, 1975
- Failed
- Apr 12, 1989
- Employees
- 31
- Id
- b22151
Quarter by quarter
March 31, 1984 to December 31, 1988
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 The Commonwealth Bank?
$65.8 million in total assets and $57.2 million in deposits as of December 31, 1988, with assets up 12.0% from a year before. Its loans were $25.0 million.
Is The Commonwealth Bank profitable?
No: it lost $436,000 from January 1 to December 31, 1988. Its return on assets was -0.70% a year; about 1% is typical.
Who owns The Commonwealth Bank?
The Commonwealth Bank is owned by First Commonwealth Bancshares, its holding company.
When did The Commonwealth Bank fail?
Apr 12, 1989. Park National Bank Of Houst of Houston, TX took over its deposits. The estimated cost of the failure was $6.86 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.