# GREAT LIFE FSA

> **Failed bank** · SUNRISE, FL · failed 1990-06-01 · SL · FDIC cost $8M

## What happened

GREAT LIFE FSA of SUNRISE, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $8M
- **Deposits at failure:** $36M
- **Assets at failure:** $43M
- **Acquiring bank:** U.S. TRUST CO. OF FLORIDA S (PALM BEACH, FL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=GREAT%20LIFE%20FSA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GREAT LIFE FSA (FDIC ID 2800), failed 1990-06-01. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/failed-bank/2800.

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