# INDEPENDENT NATIONAL BANK

> **Failed bank** · COVINA, CA · failed 1986-10-09 · National commercial bank (OCC-chartered) · FDIC cost $1M

## What happened

INDEPENDENT NATIONAL BANK of COVINA, CA was closed by the OCC 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $28M
- **Assets at failure:** $28M
- **Acquiring bank:** CHINO VALLEY BANK (CHINO, CA)

## Other banks CHINO VALLEY BANK has acquired in FDIC resolutions

- PIONEER BANK (FULLERTON, CA) — failed 1994-07-08 — /failed-bank/3490
- MID CITY BANK, N.A. (BREA, CA) — failed 1993-10-21 — /failed-bank/3480

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=INDEPENDENT%20NATIONAL%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, INDEPENDENT NATIONAL BANK (FDIC ID 1287), failed 1986-10-09. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1287.

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