INDEPENDENCE S & L ASSOC. Failed 1989
What happened
INDEPENDENCE S & L ASSOC. of VALLEJO, CA was closed on 1989-04-06. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to BAY VIEW FS&LA (SAN MATEO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2334
- FDIC Certificate
- 31766
- FDIC FIN
- 6941
- Bank name
- INDEPENDENCE S & L ASSOC.
- Location
- VALLEJO, CA
- Failure date
- 1989-04-06
- FDIC resolution date
- 1989-10-20
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $23M
- Deposits at failure
- $362M
- Assets at failure
- $440M
- Acquiring bank
- BAY VIEW FS&LA (SAN MATEO, CA)