Bank failure · FL

First City Bank of Florida (Fort Walton Beach, FL) — failed October 16, 2020

First City Bank of Florida of Fort Walton Beach, Florida was closed on October 16, 2020 and resolved through a purchase and assumption. United Fidelity Bank, FSB (IN) took over its insured deposits. At failure it held $136.6M in assets and $133.9M in deposits. The FDIC's estimated loss on the failure is $7.2M (5.3% of assets).