INDEPENDENCE S&LA Failed 1988
What happened
INDEPENDENCE S&LA of GONZALES, TX was closed on 1988-12-29. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to PACIFIC SOUTHWEST BANK FSB (CORPUS CHRISTI, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2049
- FDIC Certificate
- 32042
- FDIC FIN
- 1812
- Bank name
- INDEPENDENCE S&LA
- Location
- GONZALES, TX
- Failure date
- 1988-12-29
- FDIC resolution date
- 1988-12-29
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $53M
- Deposits at failure
- $61M
- Assets at failure
- $59M
- Acquiring bank
- PACIFIC SOUTHWEST BANK FSB (CORPUS CHRISTI, TX)