# LIFE FSB

> **Failed bank** · CLEARWATER, FL · failed 1991-10-11 · SL · FDIC cost $9M

## What happened

LIFE FSB of CLEARWATER, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $9M
- **Deposits at failure:** $89M
- **Assets at failure:** $108M
- **Acquiring bank:** LIFE SB, FSB (CLEARWATER, FL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, LIFE FSB (FDIC ID 3216), failed 1991-10-11. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3216.

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