SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
December 6, 2001
FLORIDAFIRST BANCORP, INC.
- ------------------------------------------------------------------------------
(Exact name of Registrant as specified in its Charter)
Florida 0-32139 59-3662010
- ------------------------- ------------------------- -------------
(State or other jurisdiction (SEC File No.) (IRS Employer
of incorporation) Identification
Number)
205 East Orange Street, Lakeland, Florida 33801-4611
- -------------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (863) 688-6811
--------------
Not Applicable
-----------------------------------------------------------
(Former name or former address, if changed since last Report)
INFORMATION TO BE INCLUDED IN REPORT
------------------------------------
Item 5. Other Events
- ---------------------
On December 6, 2001, FloridaFirst Bank ("FFB"), the wholly-owned
subsidiary of the Registrant, signed a definitive Agreement with SunTrust Bank
("SunTrust") to purchase seven Florida branches from SunTrust coincident with
SunTrust's acquisition of such branches from Huntington National Bank
("Huntington"). Four of these Huntington branches are located in Lakeland,
Florida, and one each in Avon Park and Sebring in Highlands County, and one
branch in Wildwood, Florida. The transaction will include assumption of
approximately $165 million in deposits and the purchase of approximately $25
million in loans related to these seven branches.
FFB anticipates paying a deposit premium of approximately 7.6% of total
deposits assumed in the transaction related to acquisition of the seven branches
based on the current level of deposits of approximately $165 million for the
transaction.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
- ---------------------------------------------------------------------------
Exhibit 99.1 -- Press Release concerning a definitive Agreement, dated December
- ------------
6, 2001, between FFB and SunTrust, for the acquisition by FFB of seven branches
from SunTrust.
Exhibit 99.2 - Purchase and Assumption Agreement, dated December 6, 2001,
- -------------
between FFB and SunTrust.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.
FLORIDAFIRST BANCORP, INC.
Date: December 7, 2001 By:/s/Kerry P. Charlet
--------------------------------------
Kerry P. Charlet
Senior Vice President and
Chief Financial Officer