Data / Bank failures / 1999 / Golden City Commercial Bank
Golden City Commercial Bank, New York, NY: failed December 10, 1999
Golden City Commercial Bank in New York, New York, failed on December 10, 1999. Cathay Bank of Los Angeles, CA, took over its deposits. It held $87.2 million in assets and $80.4 million in deposits at its last report. By assets it was the 4th largest of 8 banks closed or assisted in 1999.
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The FDIC's record
- Closed
- December 10, 1999
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Cathay Bank, Los Angeles, CA
- Total assets
- $87,158,000
- Total deposits
- $80,365,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 26748
All bank failures in 1999 · All bank failures in New York · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.