Bank failure · FL

First Federal of Titusville (Titusville, FL) — failed May 2, 1985

First Federal of Titusville of Titusville, Florida was closed on May 2, 1985 and resolved through a a/a. First Fs&la of Winter Haven (FL) took over its insured deposits. At failure it held $162.7M in assets and $157.7M in deposits. The FDIC's estimated loss on the failure is $7.1M (4.4% of assets).