# FIRST FS & LA OF SEMINOLE CO.

> **Failed bank** · SANFORD, FL · failed 1991-04-05 · SL · FDIC cost $18M

## What happened

FIRST FS & LA OF SEMINOLE CO. of SANFORD, FL was closed by state regulators on **1991-04-05**. The FDIC was named receiver.

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

Deposits were transferred to **FEDERAL TRUST BANK, FSB** (WINTER PARK, FL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3061
- **FDIC Certificate:** 29417
- **FDIC FIN:** 2210
- **Bank name:** FIRST FS & LA OF SEMINOLE CO.
- **Location:** SANFORD, FL
- **Failure date:** 1991-04-05
- **FDIC resolution date:** 1992-04-03
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $18M
- **Deposits at failure:** $160M
- **Assets at failure:** $185M
- **Acquiring bank:** FEDERAL TRUST BANK, FSB (WINTER PARK, FL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FS & LA OF SEMINOLE CO. (FDIC ID 3061), failed 1991-04-05. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3061.

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