WILLOW BEND NATIONAL BANK Failed 1990
What happened
WILLOW BEND NATIONAL BANK of PLANO, TX was closed on 1990-06-14. 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
- 2813
- FDIC Certificate
- 24652
- FDIC FIN
- 4228
- Bank name
- WILLOW BEND NATIONAL BANK
- Location
- PLANO, TX
- Failure date
- 1990-06-14
- FDIC resolution date
- 1990-06-14
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $27M
- Deposits at failure
- $66M
- Assets at failure
- $59M
- Acquiring bank
- COMPASS BANK - PLANO (PLANO, TX)
Other banks COMPASS BANK - PLANO acquired in FDIC resolutions