Failed Bank List

4 failed banks ยท 2009 to 2013

Failed banks taken over by First Federal Bank of Florida

First Federal Bank of Florida of Lake City, Florida took over four failed banks between 2009 and 2013, the 17th-highest count among the 318 acquirers of that period. Together they reported $483 million in assets and $462 million in deposits at closing. The largest was The Bank of Bonifay, at $243 million. All of them were in Florida. Two of the deals came in 2013. The first was Flagship National Bank of Bradenton, on October 23, 2009. The most recent was Bank of Jackson County of Graceville, on October 30, 2013. The FDIC's estimated loss on these failures totals $142 million, a median of 25% of each bank's assets.

Failed banks taken over by First Federal Bank of Florida, by closing date200020052010201520202025The Bank of Bonifay, 2010-05-07Flagship National Bank, 2009-10-23Chipola Community Bank, 2013-04-19Bank of Jackson County, 2013-10-30
Each circle is one failed bank, placed at its closing date; area shows total assets.
Every failed bank it took over, in date order
ClosedBankLocationTotal assetsEst. loss
October 23, 2009Flagship National BankBradenton, FL$178 million$62.1 million
May 7, 2010The Bank of BonifayBonifay, FL$243 million$65.9 million
April 19, 2013Chipola Community BankMarianna, FL$37.5 million$7.9 million
October 30, 2013Bank of Jackson CountyGraceville, FL$24.7 million$5.8 million

The FDIC names the acquirer in each failure record. This page lists what that record shows and says nothing about the acquiring bank today.