EXHIBIT 5.1 OPINION OF MALIZIA SPIDI & FISCH, PC AS TO THE VALIDITY OF THE COMMON STOCK BEING REGISTERED MALIZIA SPIDI & FISCH, PC ATTORNEYS AT LAW 1100 NEW YORK AVENUE, N.W. 637 KENNARD ROAD SUITE 340 WEST STATE COLLEGE, PENNSYLVANIA 16801 WASHINGTON, D.C. 20005 (814) 466-6625 (202) 434-4660 FACSIMILE: (814) 466-6703 FACSIMILE: (202) 434-4661 March 2, 2001 Board of Directors FloridaFirst Bancorp, Inc. 205 East Orange Street Lakeland, Florida 33801-4611 RE: Registration Statement on Form S-8: ---------------------------------- FloridaFirst Bancorp, Inc. 1999 Stock Option Plan FloridaFirst Bank Restricted Stock Plan Gentlemen: We have acted as special counsel to FloridaFirst Bancorp, Inc., a Florida corporation (the "Company"), in connection with the preparation of the Registration Statement on Form S-8 to be filed with the Securities and Exchange Commission (the "Registration Statement") under the Securities Act of 1933, as amended, relating to 390,514 shares of common stock, par value $.10 per share (the "Common Stock") of the Company which may be issued (i) upon the exercise of options for 279,065 shares of Common Stock granted under the FloridaFirst Bancorp, Inc. 1999 Stock Option Plan, and (ii) upon the award of 111,449 shares of Common Stock under the FloridaFirst Bank Restricted Stock Plan (collectively, the "Plans"), as more fully described in the Registration Statement. You have requested the opinion of this firm with respect to certain legal aspects of the proposed offering. We have examined such documents, records, and matters of law as we have deemed necessary for purposes of this opinion and based thereon, we are of the opinion that the Common Stock when issued pursuant to the stock awards granted under and in accordance with the terms of the Plans will be duly and validly issued, fully paid, and nonassessable. We hereby consent to the filing of this opinion as an exhibit to the Registration Statement on Form S-8. Sincerely, /s/Malizia Spidi & Fisch, PC ------------------------------- Malizia Spidi & Fisch, PC