INDEPENDENCE FS & LA Failed 1989
What happened
INDEPENDENCE FS & LA of BATESVILLE, AR was closed on 1989-02-17. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to WORTHEN B&TC, NA (LITTLE ROCK, AR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2126
- FDIC Certificate
- 31614
- FDIC FIN
- 7164
- Bank name
- INDEPENDENCE FS & LA
- Location
- BATESVILLE, AR
- Failure date
- 1989-02-17
- FDIC resolution date
- 1990-09-07
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $303M
- Deposits at failure
- $346M
- Assets at failure
- $207M
- Acquiring bank
- WORTHEN B&TC, NA (LITTLE ROCK, AR)
Other banks WORTHEN B&TC, NA acquired in FDIC resolutions