The Graveyard › Banks › 1988
Commerce Bank of Plano
Plano, TX · failed January 7, 1988 · FDIC certificate 26540
Commerce Bank of Plano of Plano, TX failed on January 7, 1988. It opened on February 10, 1986, 1 year before. At its last report before that it held $35.3 million in assets and $32.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $39.3 million. The FDIC estimates that the FDIC's insurance fund lost $23.6 million on it.
1986-031987-09
Assets at the end$35.3 millionlast report before January 7, 1988
Deposits at the end$32.7 million
Estimated loss to the fund$23.6 millionFDIC
Largest in the quarterly reports$39.3 millionJune 30, 1987
Equity to assets7.0%September 30, 1987
Loans not being repaid7.1%noncurrent, September 30, 1987
Return on assets0.10%a year's rate, September 30, 1987
Staff20full time, September 30, 1987
Also ended in 1988
- American S&LA · Stockton · $30.2 billion in assets · assisted
- First Republicbank-Dallas, N.A. · Dallas, TX · $17.1 billion in assets
- Gibraltar SA · Houston · $6.5 billion in assets · assisted
- United Savings Association of Texas · Houston · $4.6 billion in assets · assisted
- First City, Texas - Houston, NA · Houston · $4.4 billion in assets · assisted
- First Texas Savings Association · Dallas · $3.1 billion in assets · assisted
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.