# SECURITY FIRST FS & LA

> **Failed bank** · DAYTONA BEACH, FL · failed 1992-04-10 · SL · FDIC cost $24M

## What happened

SECURITY FIRST FS & LA of DAYTONA BEACH, FL was closed by state regulators on **1992-04-10**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST UNION NB OF FL** (JACKSONVILLE, FL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3308
- **FDIC Certificate:** 29222
- **FDIC FIN:** 1207
- **Bank name:** SECURITY FIRST FS & LA
- **Location:** DAYTONA BEACH, FL
- **Failure date:** 1992-04-10
- **FDIC resolution date:** 1992-04-10
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $24M
- **Deposits at failure:** $904M
- **Assets at failure:** $1,014M
- **Acquiring bank:** FIRST UNION NB OF FL (JACKSONVILLE, FL)

## Other banks FIRST UNION NB OF FL has acquired in FDIC resolutions

- JACKSONVILLE FSA (JACKSONVILLE, FL) — failed 1992-06-26 — /failed-bank/3353
- FLAGLER FS & LA (MIAMI, FL) — failed 1992-03-27 — /failed-bank/3300
- HOLLYWOOD FSB (HOLLYWOOD, FL) — failed 1991-02-22 — /failed-bank/3022

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SECURITY FIRST FS & LA (FDIC ID 3308), failed 1992-04-10. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3308.

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