Bank failure · TX

First Bank of Plano (Plano, TX) — failed August 30, 1990

First Bank of Plano of Plano, Texas was closed on August 30, 1990 and resolved through a purchase and assumption. Compass Bank-Plano (TX) took over its insured deposits. At failure it held $9.2M in assets and $9.6M in deposits. The FDIC's estimated loss on the failure is $1.9M (20.5% of assets).