Bonifay is a city in Holmes County, Florida, United States. Bonifay was given its name from a prominent family that had a brick making factory in Pensacola, FL. Frank Bonifay, the man behind the town's name, bought a stake in the L&N, now CSX, Railroad. As W. D. Chipley connected the rural Florida Panhandle, along the way he came up with names for certain communities the railroad bisected. [1] The population was 4,078 at the 2000 census.