INDEPENDENT NATIONAL BANK Failed 1986
What happened
INDEPENDENT NATIONAL BANK of COVINA, CA was closed on 1986-10-09. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to CHINO VALLEY BANK (CHINO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1287
- FDIC Certificate
- 24727
- FDIC FIN
- 5757
- Bank name
- INDEPENDENT NATIONAL BANK
- Location
- COVINA, CA
- Failure date
- 1986-10-09
- FDIC resolution date
- 1986-10-09
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $28M
- Assets at failure
- $28M
- Acquiring bank
- CHINO VALLEY BANK (CHINO, CA)
Other banks CHINO VALLEY BANK acquired in FDIC resolutions