The Graveyard › Banks › 1992
Independence Bank
Plano, TX · failed March 19, 1992 · FDIC certificate 24793
Independence Bank of Plano, TX failed on March 19, 1992. It opened on November 10, 1983, 8 years before. At its last report before that it held $21.8 million in assets and $20.8 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $48.0 million. The FDIC estimates that the Bank Insurance Fund lost $2.8 million on it.
1984-031991-12
Assets at the end$21.8 millionlast report before March 19, 1992
Deposits at the end$20.8 million
Estimated loss to the fund$2.8 millionBIF
Largest in the quarterly reports$48.0 millionDecember 31, 1984
Equity to assets2.3%December 31, 1991
Loans not being repaid0.6%noncurrent, December 31, 1991
Return on assets-2.61%a year's rate, December 31, 1991
Staff14full time, December 31, 1991
Also ended in 1992
- Homefed Bank, FA · San Diego, CA · $12.2 billion in assets
- Crossland Savings Bank, FSB · Brooklyn, NY · $7.4 billion in assets
- Carteret FSB · Madison, NJ · $4.8 billion in assets
- Meritor Savings Bank · Philadelphia, PA · $4.1 billion in assets
- Dollar Dry Dock Bank · White Plains, NY · $4.0 billion in assets
- The Howard Savings Bank · Newark, NJ · $3.5 billion in assets
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.