The Graveyard › Banks › 1990
Independent National Bank
Phoenix, AZ · failed March 15, 1990 · FDIC certificate 25649
Independent National Bank of Phoenix, AZ failed on March 15, 1990. It opened on September 7, 1984, 5 years before. At its last report before that it held $12.4 million in assets and $13.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $20.5 million. The FDIC estimates that the Bank Insurance Fund lost $3.2 million on it.
1984-091989-12
Assets at the end$12.4 millionlast report before March 15, 1990
Deposits at the end$13.5 million
Estimated loss to the fund$3.2 millionBIF
Largest in the quarterly reports$20.5 millionDecember 31, 1986
Equity to assets-10.3%December 31, 1989
Loans not being repaid14.3%noncurrent, December 31, 1989
Return on assets-11.04%a year's rate, December 31, 1989
Staff9full time, December 31, 1989
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 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.