# COMMERCE BANK OF PLANO

> **Failed bank** · PLANO, TX · failed 1988-01-07 · State commercial bank, Federal Reserve member · FDIC cost $24M

## What happened

COMMERCE BANK OF PLANO of PLANO, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $24M
- **Deposits at failure:** $33M
- **Assets at failure:** $35M
- **Acquiring bank:** QUINLAN STATE BANK (QUINLAN, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=COMMERCE%20BANK%20OF%20PLANO

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMERCE BANK OF PLANO (FDIC ID 1596), failed 1988-01-07. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1596.

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