# INDEPENDENT BANK, NATIONAL ASSOC

> **Failed bank** · COPPELL, TX · failed 1989-07-14 · National commercial bank (OCC-chartered) · FDIC cost $11M

## What happened

INDEPENDENT BANK, NATIONAL ASSOC of COPPELL, TX was closed by the OCC on **1989-07-14**. The FDIC was named receiver.

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

Deposits were transferred to **METROPOLITAN NATIONAL BANK** (FARMERS BRANCH, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2416
- **FDIC Certificate:** 25813
- **FDIC FIN:** 5977
- **Bank name:** INDEPENDENT BANK, NATIONAL ASSOC
- **Location:** COPPELL, TX
- **Failure date:** 1989-07-14
- **FDIC resolution date:** 1989-07-14
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $11M
- **Deposits at failure:** $33M
- **Assets at failure:** $35M
- **Acquiring bank:** METROPOLITAN NATIONAL BANK (FARMERS BRANCH, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, INDEPENDENT BANK, NATIONAL ASSOC (FDIC ID 2416), failed 1989-07-14. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/2416.

---

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