# INDEPENDENT BANK-EAST, NATIONAL

> **Failed bank** · ROCKWALL, TX · failed 1989-06-30 · National commercial bank (OCC-chartered) · FDIC cost $15M

## What happened

INDEPENDENT BANK-EAST, NATIONAL of ROCKWALL, TX was closed by the OCC on **1989-06-30**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **AMERICAN NATIONAL BANK OF T** (TERRELL, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2407
- **FDIC Certificate:** 21155
- **FDIC FIN:** 5974
- **Bank name:** INDEPENDENT BANK-EAST, NATIONAL
- **Location:** ROCKWALL, TX
- **Failure date:** 1989-06-30
- **FDIC resolution date:** 1989-06-30
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $15M
- **Deposits at failure:** $36M
- **Assets at failure:** $41M
- **Acquiring bank:** AMERICAN NATIONAL BANK OF T (TERRELL, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=INDEPENDENT%20BANK-EAST%2C%20NATIONAL

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, INDEPENDENT BANK-EAST, NATIONAL (FDIC ID 2407), failed 1989-06-30. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/2407.

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