EXHIBIT 5




December 16, 1998

Board of Directors
FloridaFirst Bancorp
205 East Orange Street
Lakeland, Florida  33801

         Re:      Registration Statement Under the Securities Act of 1933

Board Members:

         This opinion is rendered in connection with the Registration  Statement
on Form S-1 to be filed with the  Securities and Exchange  Commission  under the
Securities Act of 1933 relating to the offer and sale of up to 2,703,851  shares
of common stock, par value $0.10 per share (the "Common Stock"), of FloridaFirst
Bancorp  (the  "Company"),  including  shares to be issued to  certain  employee
benefit plans of the Company and its subsidiary. The Common Stock is proposed to
be issued  pursuant to the Plan of Mutual  Holding  Company  Reorganization  and
Stock  Issuance  (the "Plan") of First  Federal  Savings & Loan  Association  of
Florida (to be known as First Federal  Florida) (the "Bank") in connection  with
the Bank's  reorganization  from a mutual savings bank form of organization to a
mutual savings bank holding company form of organization,  whereby the Bank will
convert to the stock form of organization  and become a wholly owned  subsidiary
of the Company, the mutual savings bank holding company,  FloridaFirst  Bancorp,
MHC (in  organization)  (the  "MHC"),  will own a majority  of the shares of the
Company,  and a minority of the shares of the Company are to be offered and sold
to the public (the  "Reorganization").  As special  counsel to the Bank, the MHC
and the Company, we have reviewed the corporate proceedings relating to the Plan
and  the  Reorganization  and  such  other  legal  matters  as  we  have  deemed
appropriate for the purpose of rendering this opinion.

         Based on the foregoing, we are of the opinion that the shares of Common
Stock  covered by the  aforesaid  Registration  Statement  will,  when issued in
accordance with the terms of the Plan against full payment therefor,  be validly
issued, fully paid, and non-assessable shares of common stock of the Company.

         We assume no  obligation to advise you of changes that may hereafter be
brought to our attention.





Board of Directors
December 16, 1998
Page Two


         We hereby  consent to the use of this  opinion and to the  reference to
our  firm  appearing  in  the  Company's  Prospectus  under  the  headings  "The
Reorganization - Federal and State Tax Consequences of the  Reorganization"  and
"Legal and Tax Opinions." We also consent to any references to our legal opinion
referred to under the aforementioned headings in the Prospectus.

                                    Very truly yours,



                                    MALIZIA, SPIDI, SLOANE & FISCH, P.C.