	first federal fort myers ffmy to make purchase first federal savings and loan association of fort myers said its board has executed a letter of intent to uire first presidential savings and loan association of sarasota fla for dlrs in cash the company said a definitive agreement is expected to be executed by may and the transaction is expected to be completed by year end the purchase price is subject to an increase on a dollar for dollar basis to the extent that the net worth of first presidentail exceeds dlrs at the time of closing the company said 
