FIRST FS & LA Failed 1989
What happened
FIRST FS & LA of LARGO, FL was closed on 1989-02-17. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to BARNETT BANK OF PINNELAS CO (ST. PETERSBURG, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2122
- FDIC Certificate
- 31242
- FDIC FIN
- 7046
- Bank name
- FIRST FS & LA
- Location
- LARGO, FL
- Failure date
- 1989-02-17
- FDIC resolution date
- 1990-06-08
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $99M
- Deposits at failure
- $392M
- Assets at failure
- $334M
- Acquiring bank
- BARNETT BANK OF PINNELAS CO (ST. PETERSBURG, FL)