# THE FIRST NATIONAL BANK OF FLORIDA

> **Failed bank** · MILTON, FL · failed 2011-09-09 · National commercial bank (OCC-chartered) · FDIC cost $76M

## What happened

THE FIRST NATIONAL BANK OF FLORIDA of MILTON, FL was closed by the OCC on **2011-09-09**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **CHARTERBANK** (WEST POINT, GA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3961
- **FDIC Certificate:** 25155
- **FDIC FIN:** 10395
- **Bank name:** THE FIRST NATIONAL BANK OF FLORIDA
- **Location:** MILTON, FL
- **Failure date:** 2011-09-09
- **FDIC resolution date:** 2011-09-09
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $76M
- **Deposits at failure:** $280M
- **Assets at failure:** $297M
- **Acquiring bank:** CHARTERBANK (WEST POINT, GA)

## Other banks CHARTERBANK has acquired in FDIC resolutions

- MCINTOSH COMMERCIAL BANK (CARROLLTON, GA) — failed 2010-03-26 — /failed-bank/3774
- NEIGHBORHOOD COMMUNITY BANK (NEWNAN, GA) — failed 2009-06-26 — /failed-bank/3635

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FIRST NATIONAL BANK OF FLORIDA (FDIC ID 3961), failed 2011-09-09. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3961.

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