# FIRST BANK OF PLANO

> **Failed bank** · PLANO, TX · failed 1990-08-30 · State commercial bank, Federal Reserve member · FDIC cost $2M

## What happened

FIRST BANK OF PLANO of PLANO, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $10M
- **Assets at failure:** $9M
- **Acquiring bank:** COMPASS BANK-PLANO (PLANO, TX)

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

- SIGNATURE BANK, NATIONAL ASSOCIATION (DALLAS, TX) — failed 1990-04-26 — /failed-bank/2742

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST BANK OF PLANO (FDIC ID 2888), failed 1990-08-30. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/failed-bank/2888.

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