# FLORIDA FEDERAL SAVINGS BANK

> **Failed bank** · ST. PETERSBURG, FL · failed 1990-11-09 · Savings bank · FDIC cost $394M

## What happened

FLORIDA FEDERAL SAVINGS BANK of ST. PETERSBURG, FL was closed by state regulators on **1990-11-09**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST UNION CORP.** (CHARLOTTE, NC). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2935
- **FDIC Certificate:** 28608
- **FDIC FIN:** 7386
- **Bank name:** FLORIDA FEDERAL SAVINGS BANK
- **Location:** ST. PETERSBURG, FL
- **Failure date:** 1990-11-09
- **FDIC resolution date:** 1991-08-02
- **Charter type:** Savings bank
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $394M
- **Deposits at failure:** $2,271M
- **Assets at failure:** $4,115M
- **Acquiring bank:** FIRST UNION CORP. (CHARLOTTE, NC)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FLORIDA%20FEDERAL%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FLORIDA FEDERAL SAVINGS BANK (FDIC ID 2935), failed 1990-11-09. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2935.

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