Bank failure · FL
First Fs & LA (Largo, FL) — failed February 17, 1989
First Fs & LA of Largo, Florida was closed on February 17, 1989 and resolved through a insured deposit transfer. Barnett Bank of Pinnelas Co (FL) took over its insured deposits. At failure it held $334.4M in assets and $391.8M in deposits. The FDIC's estimated loss on the failure is $99.3M (29.7% of assets).
- Closing date
- February 17, 1989
- FDIC certificate #
- 31242
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Barnett Bank of Pinnelas Co
- Insurance fund
- RTC
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