The Graveyard › Banks › 1986
Independent National Bank
Covina, CA · failed October 9, 1986 · FDIC certificate 24727
Independent National Bank of Covina, CA failed on October 9, 1986. It opened on September 30, 1983, 3 years before. At its last report before that it held $28.3 million in assets and $27.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $35.9 million. The FDIC estimates that the FDIC's insurance fund lost $1.4 million on it.
1984-031986-09
Assets at the end$28.3 millionlast report before October 9, 1986
Deposits at the end$27.7 million
Estimated loss to the fund$1.4 millionFDIC
Largest in the quarterly reports$35.9 millionJune 30, 1985
Equity to assets1.2%September 30, 1986
Loans not being repaid11.7%noncurrent, September 30, 1986
Return on assets-3.33%a year's rate, September 30, 1986
Staff28full time, September 30, 1986
Also ended in 1986
- Western S&LA · Dallas, TX · $2.0 billion in assets
- The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
- Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
- National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
- Mainland S&LA · Houston, TX · $1.0 billion in assets
- American Diversified Savings Bank · Costa Mesa · $978.6 million 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.