Bank failure · FL
The Bank of Bonifay (Bonifay, FL) — failed May 7, 2010
The Bank of Bonifay of Bonifay, Florida was closed on May 7, 2010 and resolved through a purchase and assumption. First Federal Bank of Florida (FL) took over its insured deposits. At failure it held $242.9M in assets and $230.2M in deposits. The FDIC's estimated loss on the failure is $65.9M (27.1% of assets).
- Closing date
- May 7, 2010
- FDIC certificate #
- 14246
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Federal Bank of Florida
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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