HOLLYWOOD, Fla. -- Suncoast Savings and Loan Association announced that loan closings for the first 11 months of its fiscal 1994 were $2.1 billion, compared with $2.4 billion in the same period of fiscal 1993.

Loan closings for May 1994 were $60 million, compared with $253 million for May 1993.

Albert J. Finch, chairman and chief executive officer, said: "To mitigate the expected impact of declining mortgage banking activity, we have decreased staff, reduced expenses, and closed less productive wholesale mortgage offices."

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