Data / Bank failures / 2020 / First City Bank of Florida
First City Bank of Florida, Fort Walton Beach, FL: failed October 16, 2020
First City Bank of Florida in Fort Walton Beach, Florida, failed on October 16, 2020. United Fidelity Bank, FSB of Evansville, IN, took over its deposits. It held $136.6 million in assets and $133.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $7.2 million (5.3% of its assets). By assets it was the 2nd largest of 4 banks closed or assisted in 2020.
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The FDIC's record
- Closed
- October 16, 2020
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- United Fidelity Bank, FSB, Evansville, IN
- Total assets
- $136,566,000
- Total deposits
- $133,936,000
- Estimated cost to the FDIC
- $7,246,690 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 16748
Other failed banks United Fidelity Bank, FSB took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Fayette County Bank | Saint Elmo | IL | May 26, 2017 | $34.4 million | $34 million | $8.1 million | United Fidelity Bank, FSB |
| Premier Bank | Denver | CO | July 10, 2015 | $26.8 million | $25.5 million | $1.2 million | United Fidelity Bank, FSB |
| Highland Community Bank | Chicago | IL | January 23, 2015 | $54.7 million | $53.5 million | $4.7 million | United Fidelity Bank, FSB |
| Columbia Savings Bank | Cincinnati | OH | May 23, 2014 | $36.5 million | $29.5 million | $7.2 million | United Fidelity Bank, FSB |
All bank failures in 2020 · All bank failures in Florida · Every failed bank United Fidelity Bank, FSB took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.