CITY NATIONAL BANK OF PLANO Failed 1989
What happened
CITY NATIONAL BANK OF PLANO of PLANO, TX was closed on 1989-11-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COMPASS BANK - PLANO (PLANO, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2548
- FDIC Certificate
- 22530
- FDIC FIN
- 4116
- Bank name
- CITY NATIONAL BANK OF PLANO
- Location
- PLANO, TX
- Failure date
- 1989-11-09
- FDIC resolution date
- 1989-11-09
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $33M
- Deposits at failure
- $71M
- Assets at failure
- $56M
- Acquiring bank
- COMPASS BANK - PLANO (PLANO, TX)
Other banks COMPASS BANK - PLANO acquired in FDIC resolutions