TEXAS BANK OF PLANO Failed 1988
What happened
TEXAS BANK OF PLANO of PLANO, TX was closed on 1988-12-15. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PLANO EAST NATIONAL BANK (PLANO, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2006
- FDIC Certificate
- 24614
- FDIC FIN
- 2945
- Bank name
- TEXAS BANK OF PLANO
- Location
- PLANO, TX
- Failure date
- 1988-12-15
- FDIC resolution date
- 1988-12-15
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $15M
- Assets at failure
- $15M
- Acquiring bank
- PLANO EAST NATIONAL BANK (PLANO, TX)