# SEAFIRST BANK

> **Failed bank** · PORT ST. LUCIE, FL · failed 1991-03-08 · State commercial bank, Federal Reserve member · FDIC cost $2M

## What happened

SEAFIRST BANK of PORT ST. LUCIE, FL was closed by state regulators on **1991-03-08**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **RIVERSIDE NATIONAL BANK OF** (FORT PIERCE, FL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3029
- **FDIC Certificate:** 25145
- **FDIC FIN:** 4328
- **Bank name:** SEAFIRST BANK
- **Location:** PORT ST. LUCIE, FL
- **Failure date:** 1991-03-08
- **FDIC resolution date:** 1991-03-08
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $12M
- **Assets at failure:** $12M
- **Acquiring bank:** RIVERSIDE NATIONAL BANK OF (FORT PIERCE, FL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SEAFIRST BANK (FDIC ID 3029), failed 1991-03-08. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3029.

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