GREAT LIFE FSA Failed 1990
What happened
GREAT LIFE FSA of SUNRISE, FL was closed on 1990-06-01. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to U.S. TRUST CO. OF FLORIDA S (PALM BEACH, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2800
- FDIC Certificate
- 32323
- FDIC FIN
- 7333
- Bank name
- GREAT LIFE FSA
- Location
- SUNRISE, FL
- Failure date
- 1990-06-01
- FDIC resolution date
- 1991-06-21
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $8M
- Deposits at failure
- $36M
- Assets at failure
- $43M
- Acquiring bank
- U.S. TRUST CO. OF FLORIDA S (PALM BEACH, FL)