Bank failure · FL

The First, Federal Association (Orlando, FL) — failed October 11, 1991

The First, Federal Association of Orlando, Florida was closed on October 11, 1991 and resolved through a purchase and assumption. Great Western Bank, FSB (CA) took over its insured deposits. At failure it held $1.1B in assets and $960.8M in deposits. The FDIC's estimated loss on the failure is $148.0M (13.9% of assets).