# INDEPENDENCE S&LA

> **Failed bank** · GONZALES, TX · failed 1988-12-29 · SL · FDIC cost $53M

## What happened

INDEPENDENCE S&LA of GONZALES, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $53M
- **Deposits at failure:** $61M
- **Assets at failure:** $59M
- **Acquiring bank:** PACIFIC SOUTHWEST BANK FSB (CORPUS CHRISTI, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=INDEPENDENCE%20S%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, INDEPENDENCE S&LA (FDIC ID 2049), failed 1988-12-29. Retrieved via AI Analytics 2026-05-24 from https://api.ai-analytics.org/failed-bank/2049.

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