Bank failure · AR
Independence Fs & LA (Batesville, AR) — failed February 17, 1989
Independence Fs & LA of Batesville, Arkansas was closed on February 17, 1989 and resolved through a insured deposit transfer. Worthen B&tc, NA (AR) took over its insured deposits. At failure it held $207.0M in assets and $346.4M in deposits. The FDIC's estimated loss on the failure is $303.5M (146.6% of assets).
- Closing date
- February 17, 1989
- FDIC certificate #
- 31614
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Worthen B&tc, NA
- Insurance fund
- RTC
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