Bank failure · TX
Plano S & L Assoc. (Plano, TX) — failed September 21, 1989
Plano S & L Assoc. of Plano, Texas was closed on September 21, 1989 and resolved through a insured deposit transfer. First Gibraltar Bank, FSB (TX) took over its insured deposits. At failure it held $274.4M in assets and $256.1M in deposits. The FDIC's estimated loss on the failure is $137.6M (50.1% of assets).
- Closing date
- September 21, 1989
- FDIC certificate #
- 31398
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- First Gibraltar Bank, FSB
- Insurance fund
- RTC
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