Representing 100% of Lafayette County's brick-and-mortar FDIC-insured commercial and mutual savings bank branches—both situated on West Main Street (US Highway 27) in the county seat of Mayo (32066), as unincorporated Day (32013) has zero (0) physical banking storefronts: (1) Lafayette State Bank — Mayo Headquarters & Main Branch at 122 W Main Street / 340 W Main Street, Mayo, FL 32066 ((386) 294-1901, https://www.lafayettestate.bank; FDIC Certificate #16396 [cross-referenced in regional filings as #16266], Florida Sunbiz Document #705561, chartered in Mayo in 1946 as Lafayette County's locally headquartered community bank, plus its eastern Suwannee River branch 16 miles east at 508 Suwannee Avenue NW, Branford, FL 32008, (386) 935-2800); and (2) First Federal Bank — Mayo Branch at 360 W Main Street, Mayo, FL 32066 ((386) 294-1255, https://www.ffbf.com; FDIC Certificate #31313 / #31307, Florida Sunbiz Document #P17000083684 / Trademark #T08000000394, headquartered in neighboring Lake City at 4705 US Highway 90 W, Lake City, FL 32055, (386) 755-0600, with $4.49 billion in assets and coordinated wealth advisory access through First Federal Wealth Management / Raymond James Financial Services, CRD #6694). Together, these two downtown Mayo institutions provide Lafayette County seniors, agricultural/dairy families, and state retirees with FDIC-insured Traditional and Roth Individual Retirement Account (IRA) Certificates of Deposit (CDs) (insured up to $250,000 per depositor separately from up to $250,000 on regular checking/savings accounts), laddered fixed-income CDs, direct deposit for Social Security, Florida Retirement System (FRS) pensions, and VA compensation, Payable-on-Death (POD) probate-avoidance account titling, Florida Chapter 709 Durable Power of Attorney administration, non-interest-bearing Qualified Income Trust (Miller Trust) checking accounts for Florida SMMC Long-Term Care Medicaid eligibility, 3rd Judicial Circuit court-restricted probate estate and guardianship depository accounts (F.S. § 69.031), safe deposit vaults for original wills and Lady Bird deeds, and in-branch Florida notary services (acceptsMedicaid: false).
Official Verification Sources: Lafayette State Bank — Mayo Headquarters (122/340 W Main St) & Branford Branch Official Website; First Federal Bank — Mayo Branch (360 W Main St, Mayo, FL 32066) & Lake City HQ; FDIC BankFind Suite — Lafayette State Bank (Cert #16396 / #16266) & First Federal Bank (Cert #31313 / #31307)
Issuer: Federal Deposit Insurance Corporation (FDIC) & Florida Office of Financial Regulation (OFR)
Notes: Verified 2026-10-26 via FDIC BankFind & Florida Sunbiz: Lafayette State Bank (FDIC Cert #16396 / #16266, Sunbiz Doc #705561, chartered 1946) operates its corporate headquarters and main office in downtown Mayo at 122 W Main St / 340 W Main St, Mayo, FL 32066 ((386) 294-1901) and its Suwannee River branch at 508 Suwannee Ave NW, Branford, FL 32008 ((386) 935-2800).
Issuer: Federal Deposit Insurance Corporation (FDIC) & Office of the Comptroller of the Currency (OCC)
Notes: Verified 2026-10-26 via FDIC BankFind: First Federal Bank (FDIC Cert #31313 / #31307, Sunbiz #P17000083684) operates a full-service brick-and-mortar branch at 360 W Main St, Mayo, FL 32066 ((386) 294-1255), backed by its Lake City headquarters (4705 US Hwy 90 W, (386) 755-0600) and Live Oak offices.
Factual details and direct answers about Lafayette State Bank — Mayo Headquarters Branch (FDIC Cert #16396 / #16266, Sunbiz #705561) & First Federal Bank — Mayo Branch (FDIC Cert #31313 / #31307, Sunbiz #P17000083684)'s services, licensing, and credentials.
How many FDIC-insured brick-and-mortar bank branches operate inside Lafayette County, and where are they located?
Lafayette County is served by exactly two (2) full-service FDIC-insured brick-and-mortar bank branches, both located on West Main Street (US Highway 27) in downtown Mayo (32066): locally headquartered Lafayette State Bank (122 W Main St / 340 W Main St, Mayo, FL 32066, (386) 294-1901, founded in 1946, FDIC Cert #16396 / #16266, Sunbiz #705561, which also operates a branch 16 miles east at 508 Suwannee Ave NW in Branford, (386) 935-2800) and First Federal Bank (360 W Main St, Mayo, FL 32066, (386) 294-1255, FDIC Cert #31313 / #31307, Sunbiz #P17000083684). Unincorporated Day (32013) has zero physical bank branches.
How are Traditional and Roth IRA Certificates of Deposit (CDs) and Payable-on-Death (POD) accounts insured at Lafayette State Bank and First Federal Bank in Mayo?
At both Lafayette State Bank and First Federal Bank in Mayo, self-directed retirement deposit accounts—including Traditional and Roth IRA CDs—are insured by the FDIC up to $250,000 per depositor, completely separate from the $250,000 FDIC coverage on regular checking, money market, and non-retirement CD accounts. Seniors can also expand FDIC coverage up to $250,000 per named beneficiary (up to $1,250,000 for five or more beneficiaries) by establishing Payable-on-Death (POD) or revocable living trust accounts that pass directly to heirs outside of 3rd Judicial Circuit probate.
Connect with complementary legal, financial, and residential providers serving seniors in Mayo and Lafayette County.
Lafayette County Courthouse Probate, Guardianship & Homestead Registry — Clerk of Circuit Court Hon. Steve Land, County Judge Hon. Darren K. Jackson, County Attorney Leenette W. McMillan, Esq., Property Appraiser Wayne 'Bucky' McCray, CFA & 3rd Circuit Public Guardian
Mayo, Lafayette County
(386) 294-1600
Suwannee River Economic Council, Inc. (SREC — Sunbiz #709611) HUD Section 8 Housing Choice Voucher Registry & Adjacent Live Oak Housing Authority (HUD PHA #FL054) / North Central Florida Regional Housing Authority (#FL139)
Mayo, Lafayette County
(386) 294-2202
Lafayette Nursing and Rehabilitation Center (60-Bed Skilled Nursing, Post-Acute Rehab & Memory Care — Mayo)
Mayo, Lafayette County
(386) 294-3300
Expert guidance, benefit eligibility rules, and state protections for older Florida residents and family caregivers.
Senior Citizen Benefits in Florida →
Managing Social Security direct deposit, separate $250,000 FDIC IRA CD insurance, and Payable-on-Death (POD) accounts in Mayo.
Florida Medicaid Long-Term Care Guide →
How Qualified Income Trust (Miller Trust) checking accounts and IRA CDs are evaluated under Florida ICP and SMMC Long-Term Care Medicaid rules.
First Federal Wealth Management / Moses Wealth Advisors (Raymond James CRD #6694 / #149018) & Live Oak / Lake City Fiduciary Wealth Corridor Serving Mayo (Gunter Financial CFP®)
Mayo, Lafayette County
Capital City Trust Company (FL OFR #70239), Capital City Bank & Investments (FDIC #9622 — Branford & Live Oak) & Ameris Bank (FDIC #16480) — Suwannee Basin Corporate Fiduciary & Trust Corridor
Mayo, Lafayette County
Tina B. Singletary, CPA, Inc. (Sole In-County Mayo CPA — DBPR #AD0019894), Powell & Jones, CPAs, Odom, Moses & Company, LLP & Collins & Company, CPAs — Fiduciary Estate, Farm & Retirement Tax Corridor
Mayo, Lafayette County
Lafayette County Farm Bureau (1272 W US Hwy 27, Mayo) & Hart Insurance Agency, Inc. (248 W Main St, Mayo) — In-County Fixed Annuities, Estate Liquidity & F.S. § 627.4554 Senior Protection
Mayo, Lafayette 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.