Bank failure · FL

Seafirst Bank (Port St. Lucie, FL) — failed March 8, 1991

Seafirst Bank of Port St. Lucie, Florida was closed on March 8, 1991 and resolved through a purchase and assumption. Riverside National Bank of (FL) took over its insured deposits. At failure it held $11.5M in assets and $11.9M in deposits. The FDIC's estimated loss on the failure is $1.9M (16.5% of assets).