The Graveyard › Banks › 1989

Independent Bank, National Association

Coppell, TX · failed July 14, 1989 · FDIC certificate 25813

Independent Bank, National Association of Coppell, TX failed on July 14, 1989. It opened on December 5, 1984, 4 years before. At its last report before that it held $34.7 million in assets and $32.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $39.2 million. The FDIC estimates that the FDIC's insurance fund lost $10.9 million on it.

1984-121989-03

Assets at the end$34.7 millionlast report before July 14, 1989

Deposits at the end$32.7 million

Estimated loss to the fund$10.9 millionFDIC

Largest in the quarterly reports$39.2 millionJune 30, 1988

Equity to assets3.5%March 31, 1989

Loans not being repaid7.2%noncurrent, March 31, 1989

Return on assets-5.42%a year's rate, March 31, 1989

Staff35full time, March 31, 1989

On the FDIC's list: INDEPENDENT BANK, NATIONAL ASSOC.

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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.