President's Message

May 7, 2010

I am pleased to announce that First Federal Bank of Florida has purchased The Bank of Bonifay, Bonifay, Florida. This transaction closed May 7, 2010. The terms of the acquisition will be released at a future date.

We welcome the customers of The Bank of Bonifay to the First Federal Bank of Florida family. We greatly appreciate the hard work and compassion from our current team members and our newest team members from The Bank of Bonifay, who are assisting in this transaction. We are being deliberate in our acquisition and transition. We will take the time necessary to transition the banks - to put our customers’ interests first, and satisfy their financial needs and help them succeed financially.

Our company has a unique and successful culture with strong focus on people and building relationships. We are proud of our small town, north Florida roots and have worked hard to earn our customers and employees trust, and offer them exceptional financial services and opportunities. 

In fact, to our customers, bigness can be a barrier. I have never heard of a customer saying, “I want to bank here because you acquired a bank, and you are growing.”  What our customers, and all of us are looking for, is safety, strength and security, from friendly, ethical, hometown bankers that they can trust.

We are taking advantage of opportunities to build and strengthen our company and provide product development and technology to enhance customer convenience  and service capabilities.  

We thank you for your confidence in First Federal and for your continued support.