Florida Federal Savings Bank
St. Petersburg, FL
$4.1B
total assets, September 30, 1990
$4.1B
total assets, September 30, 1990
Florida Federal Savings Bank was a savings bank in St. Petersburg, FL. It failed on Nov 9, 1990, and First Union Corp. took over its deposits. At its last report it held $4.1 billion in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1990
This bank failed
- Failed on
- Nov 9, 1990
- Assets
- $4.1B
- Deposits
- $2.3B
- Estimated cost
- $394M
- Deposits went to
- First Union Corp., Charlotte, NC
Total assets
$4.1B
-15.0% in a year · -5.8% in a quarter
Deposits
$2.3B
-18.3% in a year · -4.2% in a quarter
Loans
$2.2B
-15.3% in a year · -1.1% in a quarter
Profit so far
-$74.1M
Jan 1 to Sep 30, 1990
Capital ratio
-2.00%
-1.99 pts in a year
Return on assets
-2.24%
-0.59 pts in a year
Facts
- Type
- Savings bank
- Head office
- 4th St & Central Ave, St. Petersburg, FL, 33731
- County
- Pinellas
- Established
- Oct 1, 1933
- Failed
- Nov 9, 1990
- Employees
- 1,367
- Id
- b28608
Quarter by quarter
March 31, 1984 to September 30, 1990
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Florida Federal Savings Bank?
$4.1 billion in total assets and $2.3 billion in deposits as of September 30, 1990, with assets down 15.0% from a year before. Its loans were $2.2 billion.
Is Florida Federal Savings Bank profitable?
No: it lost $74.1 million from January 1 to September 30, 1990. Its return on assets was -2.24% a year; about 1% is typical.
When did Florida Federal Savings Bank fail?
Nov 9, 1990. First Union Corp. of Charlotte, NC took over its deposits. The estimated cost of the failure was $393.6 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.