Bank failure · FL
Life FSB (Clearwater, FL) — failed October 11, 1991
Life FSB of Clearwater, Florida was closed on October 11, 1991 and resolved through a purchase and assumption. Life Sb, FSB (FL) took over its insured deposits. At failure it held $107.6M in assets and $88.5M in deposits. The FDIC's estimated loss on the failure is $9.2M (8.6% of assets).
- Closing date
- October 11, 1991
- FDIC certificate #
- 31990
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Life Sb, FSB
- Insurance fund
- RTC
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