Bank failure · TX
Willow Bend National Bank (Plano, TX) — failed June 14, 1990
Willow Bend National Bank of Plano, Texas was closed on June 14, 1990 and resolved through a purchase and assumption. Compass Bank - Plano (TX) took over its insured deposits. At failure it held $58.9M in assets and $66.1M in deposits. The FDIC's estimated loss on the failure is $26.6M (45.1% of assets).
- Closing date
- June 14, 1990
- FDIC certificate #
- 24652
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Compass Bank - Plano
- Insurance fund
- BIF
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