FIRST BANK OF PLANO Failed 1990
What happened
FIRST BANK OF PLANO of PLANO, TX was closed on 1990-08-30. 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
- 2888
- FDIC Certificate
- 26953
- FDIC FIN
- 4262
- Bank name
- FIRST BANK OF PLANO
- Location
- PLANO, TX
- Failure date
- 1990-08-30
- FDIC resolution date
- 1990-08-30
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $10M
- Assets at failure
- $9M
- Acquiring bank
- COMPASS BANK-PLANO (PLANO, TX)
Other banks COMPASS BANK-PLANO acquired in FDIC resolutions