# CITY NATIONAL BANK OF PLANO

> **Failed bank** · PLANO, TX · failed 1989-11-09 · National commercial bank (OCC-chartered) · FDIC cost $33M

## What happened

CITY NATIONAL BANK OF PLANO of PLANO, TX was closed by the OCC 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
- **Estimated FDIC DIF cost:** $33M
- **Deposits at failure:** $71M
- **Assets at failure:** $56M
- **Acquiring bank:** COMPASS BANK - PLANO (PLANO, TX)

## Other banks COMPASS BANK - PLANO has acquired in FDIC resolutions

- WILLOW BEND NATIONAL BANK (PLANO, TX) — failed 1990-06-14 — /failed-bank/2813

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITY NATIONAL BANK OF PLANO (FDIC ID 2548), failed 1989-11-09. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/2548.

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