Bank failure · FL

Security First Fs & LA (Daytona Beach, FL) — failed April 10, 1992

Security First Fs & LA of Daytona Beach, Florida was closed on April 10, 1992 and resolved through a purchase and assumption. First Union Nb of Fl (FL) took over its insured deposits. At failure it held $1.0B in assets and $904.2M in deposits. The FDIC's estimated loss on the failure is $24.1M (2.4% of assets).