# INDEPENDENCE FS & LA

> **Failed bank** · BATESVILLE, AR · failed 1989-02-17 · SL · FDIC cost $303M

## What happened

INDEPENDENCE FS & LA of BATESVILLE, AR was closed by state regulators 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
- **Estimated FDIC DIF cost:** $303M
- **Deposits at failure:** $346M
- **Assets at failure:** $207M
- **Acquiring bank:** WORTHEN B&TC, NA (LITTLE ROCK, AR)

## Other banks WORTHEN B&TC, NA has acquired in FDIC resolutions

- FIRST STATE SAVINGS BANK (MOUNTAIN HOME, AR) — failed 1989-03-02 — /failed-bank/2150

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, INDEPENDENCE FS & LA (FDIC ID 2126), failed 1989-02-17. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2126.

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