Data / Bank failures / 1992 / Independence Bank
Independence Bank, Plano, TX: failed March 19, 1992
Independence Bank in Plano, Texas, failed on March 19, 1992. First Western National B of Carrollton, TX, took over its deposits. It held $21.8 million in assets and $20.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.8 million (12.9% of its assets). By assets it was the 157th largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- March 19, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- First Western National B, Carrollton, TX
- Total assets
- $21,836,000
- Total deposits
- $20,846,000
- Estimated cost to the FDIC
- $2,809,070 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- BIF
- FDIC certificate
- 24793
Other bank failures in Texas, 1990 to 1994
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Plaza Bank, N.A. of New Braunfels | New Braunfels | October 14, 1993 | $54.6 million | $56.9 million | $2.7 million | Texas Com Bank-New Braun |
| Tarrant Bank | Fort Worth | August 25, 1993 | $62.6 million | $59.7 million | $7.3 million | First Interstate BK of T |
| The Wolfe City National Bank | Wolfe City | July 29, 1993 | $30.4 million | $32.2 million | $4.9 million | Sulphur Springs State Ba |
| Fidelity National Bank | Houston | July 22, 1993 | $52.6 million | $50.3 million | $5.5 million | Comerica Bank Texas |
| Westheimer National Bank | Houston | July 1, 1993 | $27.9 million | $28.1 million | $8.2 million | Nationsbank of Texas NA |
| Bankcentral Amarillo | Amarillo | June 10, 1993 | $34.7 million | $34.1 million | $2.5 million | Amarillo National Bank |
| First State Bank | Vega | April 1, 1993 | $21.4 million | $20.7 million | $2.8 million | Citizens STB of Dalhart |
| United Bank, N.A. | Lancaster | March 18, 1993 | $49.8 million | $49 million | $160,905 | Kilgore First National Bank |
All bank failures in 1992 · All bank failures in Texas · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.