Bank failure · FL

First Fs&la of Jacksonville (Jacksonville, FL) — failed December 30, 1988

First Fs&la of Jacksonville of Jacksonville, Florida was closed on December 30, 1988 and resolved through a a/a. First Fs&la (FL) took over its insured deposits. At failure it held $1.2B in assets and $1.0B in deposits. The FDIC's estimated loss on the failure is $25.7M (2.1% of assets).