Three small banks in Arizona, Florida and Alabama – the latter of which was 121 years old — have voluntarily ended their federal deposit insurance, their federal insurer said Friday.
The Federal Deposit Insurance Corp. (FDIC) said First Community Bank of Cullman, Ala., 1st Bank Yuma, Ariz., and Winter Park National Bank, Winter Park, Fla., have dropped their federal deposit insurance. The effective dates of the termination are March 31 for all three banks. Each bank must inform its depositors (if any) of the insurance cessation by Feb. 27, the FDIC said.
According to the agency, as of the end of third quarter 2025, the Winter Park bank held $827,314 in assets; the bank was first insured in 2017.
The Yuma bank was established in 2001; its Sept. 30 call report showed it held $553,397 in assets.
The Cullman bank, closed since Dec. 1 of last year, held $85,517 in assets. The bank was first organized in 1905, according to the FDIC. It was originally chartered as a federal savings and loan association. In 1996 it changed to a stock-held savings and loan.
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