COMMERCE BANK OF PLANO Failed 1988
What happened
COMMERCE BANK OF PLANO of PLANO, TX was closed on 1988-01-07. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to QUINLAN STATE BANK (QUINLAN, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1596
- FDIC Certificate
- 26540
- FDIC FIN
- 5920
- Bank name
- COMMERCE BANK OF PLANO
- Location
- PLANO, TX
- Failure date
- 1988-01-07
- FDIC resolution date
- 1988-01-07
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $24M
- Deposits at failure
- $33M
- Assets at failure
- $35M
- Acquiring bank
- QUINLAN STATE BANK (QUINLAN, TX)