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)
                                October 31, 2002



                           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
- -----------------------------------------                  ----------
(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 October  31,  2002,  the  Registrant  and BB&T  Corporation  jointly
announced that the agreement entered into on October 2, 2002 has been terminated
in response to comments received from the Office of Thrift  Supervision.  A copy
of the press release  regarding  such  announcement  is  incorporated  herein by
reference in its entirety as Exhibit 99.

Item 7.  Financial Statements, Pro Forma Financial Information
             and Exhibits
- --------------------------------------------------------------

    Exhibit
     Number          Description
     ------          -----------
      10.1           Termination Agreement
      99             Press Release dated October 31, 2002. *


*    Incorporated  by  reference  to the Form 425  filed  by the  Registrant  on
     October 31, 2002.




                                   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:    November 1, 2002         By:    /s/Kerry P. Charlet
                                         ---------------------------------------
                                         Kerry P. Charlet, Senior Vice President
                                         and Chief Financial Officer