Bank failure · CA
Independence S & L Assoc. (Vallejo, CA) — failed April 6, 1989
Independence S & L Assoc. of Vallejo, California was closed on April 6, 1989 and resolved through a insured deposit transfer. Bay View Fs&la (CA) took over its insured deposits. At failure it held $440.0M in assets and $361.6M in deposits. The FDIC's estimated loss on the failure is $23.4M (5.3% of assets).
- Closing date
- April 6, 1989
- FDIC certificate #
- 31766
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Bay View Fs&la
- Insurance fund
- RTC
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