Data / Bank failures / 1983 / First Florida S&LA
First Florida S&LA, Gainesville, FL: received FDIC assistance August 5, 1983
First Florida S&LA in Gainesville, Florida, received open bank assistance from the FDIC on August 5, 1983. It held $80.8 million in assets and $70.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $7.7 million (9.6% of its assets). By assets it was the 38th largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- August 5, 1983
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Metropolitan SB, Salt Lake City, UT
- Total assets
- $80,826,097
- Total deposits
- $70,525,729
- Estimated cost to the FDIC
- $7,726,571 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 28457
Other bank failures in Florida, 1981 to 1985
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Sun FS&LA (assistance) | Talahassee | December 31, 1985 | $367.5 million | $341 million | $12.9 million | Anchor Savings Bank FSB |
| Tower Bank, N.A. | Hialeah Gardens | October 3, 1985 | $20.5 million | $19.7 million | $2.7 million | Bayshore Bank of Florida |
| Sunrise, S&LA | Lake Worth | July 18, 1985 | $1.52 billion | $1.50 billion | $419.2 million | Beach FS&LA |
| First Federal of Titusville (assistance) | Titusville | May 2, 1985 | $162.7 million | $157.7 million | $7.1 million | First FS&LA of Winter Haven |
| Halifax National Bank of Port Orange | Port Orange | March 1, 1985 | $38.6 million | $35.7 million | $2.5 million | Barnett Bank of Volusia |
| Century National Bank | Jacksonville | September 20, 1984 | $13.2 million | $13.3 million | $2.3 million | Barnett BK Jacksonville |
| All American National Bank | Virgina Gardens | March 2, 1984 | $13.9 million | $12 million | $3.1 million | Capital Bank |
| Community FS&LA (assistance) | Hialeah | August 31, 1983 | $123.1 million | $101.8 million | $1.2 million | Ensign Bank FSB |
All bank failures in 1983 · All bank failures in Florida · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.