# LIFE FSB

> **Failed bank** · BATON ROUGE, LA · failed 1993-01-29 · Savings bank · FDIC cost $2M

## What happened

LIFE FSB of BATON ROUGE, LA was closed by state regulators on **1993-01-29**. The FDIC was named receiver.

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

Deposits were transferred to **LIBERTY B&T CO** (NEW ORLEANS, LA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3437
- **FDIC Certificate:** 33186
- **FDIC FIN:** 1258
- **Bank name:** LIFE FSB
- **Location:** BATON ROUGE, LA
- **Failure date:** 1993-01-29
- **FDIC resolution date:** 1994-03-25
- **Charter type:** Savings bank
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $17M
- **Assets at failure:** $17M
- **Acquiring bank:** LIBERTY B&T CO (NEW ORLEANS, LA)

## 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 3437), failed 1993-01-29. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3437.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*