# TEXAS BANK OF PLANO

> **Failed bank** · PLANO, TX · failed 1988-12-15 · State commercial bank, Federal Reserve member · FDIC cost $5M

## What happened

TEXAS BANK OF PLANO of PLANO, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $15M
- **Assets at failure:** $15M
- **Acquiring bank:** PLANO EAST NATIONAL BANK (PLANO, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, TEXAS BANK OF PLANO (FDIC ID 2006), failed 1988-12-15. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2006.

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