Bank failure · TX

Texas Bank of Plano (Plano, TX) — failed December 15, 1988

Texas Bank of Plano of Plano, Texas was closed on December 15, 1988 and resolved through a purchase and assumption. Plano East National Bank (TX) took over its insured deposits. At failure it held $15.1M in assets and $15.3M in deposits. The FDIC's estimated loss on the failure is $5.3M (35.2% of assets).