Bank failure · TX
Independent Bank, National Assoc (Coppell, TX) — failed July 14, 1989
Independent Bank, National Assoc of Coppell, Texas was closed on July 14, 1989 and resolved through a insured deposit transfer. Metropolitan National Bank (TX) took over its insured deposits. At failure it held $34.7M in assets and $32.7M in deposits. The FDIC's estimated loss on the failure is $10.9M (31.5% of assets).
- Closing date
- July 14, 1989
- FDIC certificate #
- 25813
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Metropolitan National Bank
- Insurance fund
- FDIC
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