LIFE FSB Failed 1991
What happened
LIFE FSB of CLEARWATER, FL was closed on 1991-10-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to LIFE SB, FSB (CLEARWATER, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3216
- FDIC Certificate
- 31990
- FDIC FIN
- 1249
- Bank name
- LIFE FSB
- Location
- CLEARWATER, FL
- Failure date
- 1991-10-11
- FDIC resolution date
- 1994-03-11
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $9M
- Deposits at failure
- $89M
- Assets at failure
- $108M
- Acquiring bank
- LIFE SB, FSB (CLEARWATER, FL)