FIRST CITY BANK OF FLORIDA Failed 2020
What happened
FIRST CITY BANK OF FLORIDA of FORT WALTON BEACH, FL was closed on 2020-10-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNITED FIDELITY BANK, FSB (EVANSVILLE, IN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4103
- FDIC Certificate
- 16748
- FDIC FIN
- 10537
- Bank name
- FIRST CITY BANK OF FLORIDA
- Location
- FORT WALTON BEACH, FL
- Failure date
- 2020-10-16
- FDIC resolution date
- 2020-10-16
- 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.)
- $7M
- Deposits at failure
- $134M
- Assets at failure
- $137M
- Acquiring bank
- UNITED FIDELITY BANK, FSB (EVANSVILLE, IN)
Other banks UNITED FIDELITY BANK, FSB acquired in FDIC resolutions