Bank failure · TX
City National Bank of Plano (Plano, TX) — failed November 9, 1989
City National Bank of Plano of Plano, Texas was closed on November 9, 1989 and resolved through a purchase and assumption. Compass Bank - Plano (TX) took over its insured deposits. At failure it held $56.5M in assets and $71.1M in deposits. The FDIC's estimated loss on the failure is $32.8M (58.1% of assets).
- Closing date
- November 9, 1989
- FDIC certificate #
- 22530
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Compass Bank - Plano
- Insurance fund
- BIF
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