Independence Savings and Loan Association
Vallejo, CA
$330M
total assets, September 30, 1989
$330M
total assets, September 30, 1989
Independence Savings and Loan Association was a savings and loan in Vallejo, CA. It failed on Apr 6, 1989, and Bay View FS&LA took over its deposits. At its last report it held $440.0 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1989
This bank failed
- Failed on
- Apr 6, 1989
- Assets
- $440M
- Deposits
- $362M
- Estimated cost
- $23.4M
- Deposits went to
- Bay View FS&LA, San Mateo, CA
Total assets
$330M
-26.1% in a year · -1.7% in a quarter
Deposits
$342M
-4.7% in a year · +0.1% in a quarter
Loans
$146M
-16.3% in a year · -1.3% in a quarter
Profit so far
-$18.8M
Jan 1 to Sep 30, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-6.47%
-5.52 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 348 Virginia Street, Vallejo, CA, 94590
- County
- Solano
- Established
- Oct 31, 1975
- Failed
- Oct 20, 1989
- Id
- b31766
Quarter by quarter
March 31, 1984 to September 30, 1989
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Independence Savings and Loan Association?
$329.9 million in total assets and $341.5 million in deposits as of September 30, 1989, with assets down 26.1% from a year before. Its loans were $145.8 million.
Is Independence Savings and Loan Association profitable?
No: it lost $18.8 million from January 1 to September 30, 1989. Its return on assets was -6.47% a year; about 1% is typical.
When did Independence Savings and Loan Association fail?
Apr 6, 1989. Bay View FS&LA of San Mateo, CA took over its deposits. The estimated cost of the failure was $23.4 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.