# FIRST FS & LA

> **Failed bank** · LARGO, FL · failed 1989-02-17 · SL · FDIC cost $99M

## What happened

FIRST FS & LA of LARGO, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $99M
- **Deposits at failure:** $392M
- **Assets at failure:** $334M
- **Acquiring bank:** BARNETT BANK OF PINNELAS CO (ST. PETERSBURG, FL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FS%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FS & LA (FDIC ID 2122), failed 1989-02-17. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/failed-bank/2122.

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