# INDEPENDENCE BANK

> **Failed bank** · PLANO, TX · failed 1992-03-19 · State commercial bank, Federal Reserve member · FDIC cost $3M

## What happened

INDEPENDENCE BANK of PLANO, TX was closed by state regulators on **1992-03-19**. The FDIC was named receiver.

**Resolution:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to **FIRST WESTERN NATIONAL B** (CARROLLTON, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3293
- **FDIC Certificate:** 24793
- **FDIC FIN:** 4462
- **Bank name:** INDEPENDENCE BANK
- **Location:** PLANO, TX
- **Failure date:** 1992-03-19
- **FDIC resolution date:** 1992-03-19
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $21M
- **Assets at failure:** $22M
- **Acquiring bank:** FIRST WESTERN NATIONAL B (CARROLLTON, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, INDEPENDENCE BANK (FDIC ID 3293), failed 1992-03-19. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/3293.

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