THE BANK OF BONIFAY Failed 2010
What happened
THE BANK OF BONIFAY of BONIFAY, FL was closed on 2010-05-07. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST FEDERAL BANK OF FLORIDA (LAKE CITY, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3798
- FDIC Certificate
- 14246
- FDIC FIN
- 10234
- Bank name
- THE BANK OF BONIFAY
- Location
- BONIFAY, FL
- Failure date
- 2010-05-07
- FDIC resolution date
- 2010-05-07
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $66M
- Deposits at failure
- $230M
- Assets at failure
- $243M
- Acquiring bank
- FIRST FEDERAL BANK OF FLORIDA (LAKE CITY, FL)
Other banks FIRST FEDERAL BANK OF FLORIDA acquired in FDIC resolutions