# FIRST CITY BANK OF FLORIDA

> **Failed bank** · FORT WALTON BEACH, FL · failed 2020-10-16 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $7M

## What happened

FIRST CITY BANK OF FLORIDA of FORT WALTON BEACH, FL was closed by regulators 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
- **Estimated FDIC DIF cost:** $7M
- **Deposits at failure:** $134M
- **Assets at failure:** $137M
- **Acquiring bank:** UNITED FIDELITY BANK, FSB (EVANSVILLE, IN)

## Other banks UNITED FIDELITY BANK, FSB has acquired in FDIC resolutions

- FAYETTE COUNTY BANK (SAINT ELMO, IL) — failed 2017-05-26 — /failed-bank/4094
- PREMIER BANK (DENVER, CO) — failed 2015-07-10 — /failed-bank/4081
- COLUMBIA SAVINGS BANK (CINCINNATI, OH) — failed 2014-05-23 — /failed-bank/4065

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST CITY BANK OF FLORIDA (FDIC ID 4103), failed 2020-10-16. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/4103.

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