# INDEPENDENT AMERICAN SA

> **Failed bank** · IRVING, TX · failed 1987-05-20 · SL · FDIC cost $1,582M

## What happened

INDEPENDENT AMERICAN SA of IRVING, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $1,582M
- **Deposits at failure:** $1,393M
- **Assets at failure:** $1,014M
- **Acquiring bank:** SUNBELT SAVINGS, FSB (DALLAS, TX)

## Other banks SUNBELT SAVINGS, FSB has acquired in FDIC resolutions

- WESTERN S&LA (DALLAS, TX) — failed 1986-09-12 — /failed-bank/1275

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, INDEPENDENT AMERICAN SA (FDIC ID 1438), failed 1987-05-20. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/failed-bank/1438.

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