INDEPENDENT AMERICAN SA Failed 1987
What happened
INDEPENDENT AMERICAN SA of IRVING, TX was closed on 1987-05-20. The FDIC was named receiver.
Resolution: MGR
Deposits were transferred to SUNBELT SAVINGS, FSB (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1438
- FDIC Certificate
- 31130
- FDIC FIN
- 1798
- Bank name
- INDEPENDENT AMERICAN SA
- Location
- IRVING, TX
- Failure date
- 1987-05-20
- FDIC resolution date
- 1988-08-19
- Charter type
- SL
- Resolution type
- MGR
- FDIC DIF cost (est.)
- $1,582M
- Deposits at failure
- $1,393M
- Assets at failure
- $1,014M
- Acquiring bank
- SUNBELT SAVINGS, FSB (DALLAS, TX)
Other banks SUNBELT SAVINGS, FSB acquired in FDIC resolutions