FIRST FEDERAL OF TITUSVILLE Failed 1985

What happened

FIRST FEDERAL OF TITUSVILLE of TITUSVILLE, FL was closed on 1985-05-02. The FDIC was named receiver.

Resolution: A/A

Deposits were transferred to FIRST FS&LA OF WINTER HAVEN (WINTER HAVEN, FL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

987

FDIC Certificate

30934

FDIC FIN

1666

Bank name

FIRST FEDERAL OF TITUSVILLE

Location

TITUSVILLE, FL

Failure date

1985-05-02

FDIC resolution date

1985-05-02

Charter type

SL

Resolution type

A/A

FDIC DIF cost (est.)

$7M

Deposits at failure

$158M

Assets at failure

$163M

Acquiring bank

FIRST FS&LA OF WINTER HAVEN (WINTER HAVEN, FL)