Bank failure · FL

First Florida S&la (Gainesville, FL) — failed August 5, 1983

First Florida S&la of Gainesville, Florida was closed on August 5, 1983 and resolved through a a/a. Metropolitan Sb (UT) took over its insured deposits. At failure it held $80.8M in assets and $70.5M in deposits. The FDIC's estimated loss on the failure is $7.7M (9.6% of assets).