Bank failure · TX

Commerce Bank of Plano (Plano, TX) — failed January 7, 1988

Commerce Bank of Plano of Plano, Texas was closed on January 7, 1988 and resolved through a insured deposit transfer. Quinlan State Bank (TX) took over its insured deposits. At failure it held $35.3M in assets and $32.7M in deposits. The FDIC's estimated loss on the failure is $23.6M (66.8% of assets).