The Graveyard › Banks › 1991
Life FSB
Clearwater, FL · failed October 11, 1991 · FDIC certificate 31990
Life FSB of Clearwater, FL failed on October 11, 1991. It opened on November 19, 1979, 11 years before. At its last report before that it held $107.6 million in assets and $88.5 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1989, it held $163.6 million. The FDIC estimates that the Resolution Trust Corporation lost $9.2 million on it.
1984-031991-09
Assets at the end$107.6 millionlast report before October 11, 1991
Deposits at the end$88.5 million
Estimated loss to the fund$9.2 millionRTC
Largest in the quarterly reports$163.6 millionJune 30, 1989
Equity to assets1.0%September 30, 1991
Loans not being repaid4.5%noncurrent, September 30, 1991
Return on assets-2.71%a year's rate, September 30, 1991
Staff40full time, September 30, 1991
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.