Bank failure · FL
Great Life Fsa (Sunrise, FL) — failed June 1, 1990
Great Life Fsa of Sunrise, Florida was closed on June 1, 1990 and resolved through a purchase and assumption. U.S. Trust Co. of Florida S (FL) took over its insured deposits. At failure it held $42.7M in assets and $36.3M in deposits. The FDIC's estimated loss on the failure is $7.5M (17.7% of assets).
- Closing date
- June 1, 1990
- FDIC certificate #
- 32323
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- U.S. Trust Co. of Florida S
- Insurance fund
- RTC
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