# INDEPENDENCE S & L ASSOC.

> **Failed bank** · VALLEJO, CA · failed 1989-04-06 · SL · FDIC cost $23M

## What happened

INDEPENDENCE S & L ASSOC. of VALLEJO, CA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $23M
- **Deposits at failure:** $362M
- **Assets at failure:** $440M
- **Acquiring bank:** BAY VIEW FS&LA (SAN MATEO, CA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, INDEPENDENCE S & L ASSOC. (FDIC ID 2334), failed 1989-04-06. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2334.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*