Holmes County's two brick-and-mortar FDIC-insured commercial and savings bank branches—both situated directly along State Road 79 (Waukesha Street) in the county seat of Bonifay (32425)—anchored by First Federal Bank at 300 North Waukesha Street, Bonifay, FL 32425 ((850) 547-3624, FDIC Certificate #31313, OCC Charter #706707, NMLS #408902; occupying the historic downtown headquarters of The Bank of Bonifay, founded in 1906 under historical FDIC Certificate #14246 and acquired by First Federal Bank in May 2010) and PeoplesSouth Bank at 2020 South Waukesha Street, Bonifay, FL 32425 ((850) 547-1200 / Toll-Free (866) 546-8273, FDIC Certificate #21292, NMLS #510903, near the I-10 Exit 112 corridor). Because rural Esto (32425), Noma (32452), Ponce de Leon (32455), and Westville (32464) have zero (0) in-town FDIC bank branches—and Regions Bank consolidated its former 402 North Waukesha Street Bonifay branch into Chipley while Wells Fargo operates an ATM-only kiosk at 194 East Highway 90, Bonifay, FL 32425 (FDIC #3511)—these two Waukesha Street institutions serve as the primary in-county depository and fiduciary account hubs for Holmes County's 19,513 residents. Services include FDIC-insured Traditional and Roth Individual Retirement Account (IRA) Certificates of Deposit (CDs), Florida Retirement System (FRS) DROP lump-sum deposit sweeps, timberland and agricultural estate liquidity reserves, Medicare Part B/D IRMAA-conscious interest scheduling, Qualified Income Trust (Miller Trust) checking accounts for Florida Medicaid Long-Term Care eligibility, court-restricted 14th Judicial Circuit probate estate and guardianship accounts, safe deposit boxes for original wills and deeds, and in-branch notary services. Also cross-referenced for northern Holmes County seniors are Peoples Bank of Graceville (5306 Brown St, Graceville, FL 32440, (850) 263-3267, FDIC Certificate #21692, NMLS #1028236, ABA Routing #063209660, 7 miles east of Noma on SR-2) and The First National Bank of Hartford (101 S 3rd Ave, Hartford, AL 36344, (334) 588-2211, FDIC Certificate #2804, ABA Routing #062101882, directly north of Esto across the Alabama state line).
Official Verification Sources: FDIC BankFind Suite — First Federal Bank (Cert #31313) & PeoplesSouth Bank (Cert #21292); First Federal Bank — Official Bonifay Branch Page (300 N Waukesha St); PeoplesSouth Bank & Peoples Bank of Graceville (FDIC #21692) — Official Directories
Issuer: Federal Deposit Insurance Corporation (FDIC) & Office of the Comptroller of the Currency (OCC)
Notes: Verified 2026-10-23 via FDIC BankFind Suite: (1) First Federal Bank, 300 N Waukesha St, Bonifay, FL 32425 ((850) 547-3624, FDIC Cert #31313, OCC #706707, NMLS #408902; former headquarters of The Bank of Bonifay, FDIC Cert #14246). (2) PeoplesSouth Bank, 2020 S Waukesha St, Bonifay, FL 32425 ((850) 547-1200, FDIC Cert #21292, NMLS #510903). Note: Esto, Noma, Ponce de Leon, and Westville have 0 brick-and-mortar FDIC bank branches.
Issuer: Federal Deposit Insurance Corporation (FDIC)
Notes: Peoples Bank of Graceville (5306 Brown St, Graceville, FL 32440, (850) 263-3267, FDIC Cert #21692) serves Noma and eastern Holmes County 7 miles east on SR-2; The First National Bank of Hartford (101 S 3rd Ave, Hartford, AL 36344, (334) 588-2211, FDIC Cert #2804) and The Samson Banking Company (2 W Main St, Samson, AL 36477, FDIC Cert #16185) serve Esto and northern Holmes County along SR-79 and SR-81.
Factual details and direct answers about First Federal Bank — Bonifay Branch & PeoplesSouth Bank — Bonifay Branch (In-County FDIC Senior, IRA & Estate Banking on Waukesha Street)'s services, licensing, and credentials.
How many brick-and-mortar FDIC-insured banks operate inside Holmes County, and what happened to The Bank of Bonifay and Regions Bank?
Holmes County has exactly two (2) full-service brick-and-mortar FDIC-insured bank branches, both on Waukesha Street (State Road 79) in Bonifay: First Federal Bank at 300 North Waukesha Street ((850) 547-3624, FDIC #31313—which acquired the historic 1906 Bank of Bonifay headquarters, FDIC #14246, in 2010) and PeoplesSouth Bank at 2020 South Waukesha Street ((850) 547-1200, FDIC #21292). Regions Bank consolidated its former 402 North Waukesha Street Bonifay branch into Chipley, while Noma and Esto seniors also bank nearby at Peoples Bank of Graceville (FDIC #21692) and First National Bank of Hartford (FDIC #2804).
Can First Federal Bank and PeoplesSouth Bank in Bonifay establish Miller Trust (Qualified Income Trust) and probate estate accounts for Holmes County seniors?
Yes. Both First Federal Bank (300 N Waukesha St) and PeoplesSouth Bank (2020 S Waukesha St) open dedicated non-interest-bearing Qualified Income Trust (Miller Trust) checking accounts required for Florida SMMC Long-Term Care Medicaid applicants, as well as 14th Judicial Circuit probate estate executor accounts, revocable living trust accounts, and FDIC-insured IRA CDs.
Connect with complementary legal, financial, and residential providers serving seniors in Bonifay and Holmes County.
Law Office of Timothy H. Wells, Esq. (Bonifay Probate, Estate Planning, Real Property & Certified Mediation Practice)
Bonifay, Holmes County
(850) 547-3644
Holmes County Housing Authority, NWFRHA Sessoms Moore Homes / Section 8 & Holmes County SHIP Program
Bonifay, Holmes County
(850) 547-1111
Bonifay Nursing and Rehab Center (180-Bed Skilled Nursing, Post-Acute Rehab & Memory Care)
Bonifay, Holmes County
(850) 547-9289
Expert guidance, benefit eligibility rules, and state protections for older Florida residents and family caregivers.
Community South Credit Union — Bonifay Branch & Innovations Financial Credit Union — Bonifay Branch (In-County NCUA Senior IRA & Retirement Depository Network)
Bonifay, Holmes County
Holmes County Farm Bureau Retirement Services (Steve Bush, LUTCF® — Bonifay) & Capital City Trust Company / Strategic Wealth (Seth Jones, Trust Officer & Ben Welter, CPFA® — LPL Financial)
Bonifay, Holmes County
SHINE Medicare & Financial Aid Counseling — Holmes Council on Aging (Bonifay) & Carr, Riggs & Ingram, L.L.C. (Level Four Advisory) / Hare Taylor, LLC CPA Retirement Tax Network
Bonifay, Holmes County
Floyd Financial Services, Inc. — Jon Stuart Floyd (Ausdal Financial Partners, Inc. — Bonifay / Chipley US-90 Corridor Fiduciary Office)
Chipley, Holmes County
Disclaimer: This directory listing is for informational purposes only. Florida Senior Support does not endorse or guarantee the quality of services. Please verify information and services directly with the organization.