# THE BANK OF BONIFAY

> **Failed bank** · BONIFAY, FL · failed 2010-05-07 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $66M

## What happened

THE BANK OF BONIFAY of BONIFAY, FL was closed by regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- BANK OF JACKSON COUNTY (GRACEVILLE, FL) — failed 2013-10-30 — /failed-bank/4056
- CHIPOLA COMMUNITY BANK (MARIANNA, FL) — failed 2013-04-19 — /failed-bank/4041
- FLAGSHIP NATIONAL BANK (BRADENTON, FL) — failed 2009-10-23 — /failed-bank/3695

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20BANK%20OF%20BONIFAY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE BANK OF BONIFAY (FDIC ID 3798), failed 2010-05-07. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3798.

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