ST. CLOUD, Fla. -- FFO Financial Group Inc., which owns First Federal Savings and Loan Association of Osceola County, said the thrift would have to increase its loan-loss reserves by $3.1 million after an examination by the Office of Thrift Supervision and the Federal Deposit Insurance Corp.

Of the additional provision $1.6 million would be allocated to specific loan-loss allowances; the remainder, to general valuation allowances.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.