The Graveyard › Banks › 1989
Independence Fs & La
Batesville · failed February 17, 1989 · FDIC certificate 31614
Independence Fs & La of Batesville failed on February 17, 1989. It opened in 1972, 17 years before. At its last report before that it held $207.0 million in assets and $346.4 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $346.2 million. The FDIC estimates that the Resolution Trust Corporation lost $303.5 million on it.
1984-031988-12
Assets at the end$207.0 millionlast report before February 17, 1989
Deposits at the end$346.4 million
Estimated loss to the fund$303.5 millionRTC
Largest in the quarterly reports$346.2 millionDecember 31, 1986
Equity to assets-87.7%December 31, 1988
Loans not being repaid33.1%noncurrent, December 31, 1988
Return on assets-54.49%a year's rate, December 31, 1988
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 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.