Bank failure · CA

Independence Bank (Los Angeles, CA) — failed January 30, 1992

Independence Bank of Los Angeles, California was closed on January 30, 1992 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $535.8M in assets and $547.6M in deposits. The FDIC's estimated loss on the failure is $137.2M (25.6% of assets).