Bank of Florida Corporation is the parent company of banks based in Naples, Florida. The company operates 3 separate banks: Bank of Florida - Southwest, Bank of Florida - Southeast, and Bank of Florida - Tampa Bay.
On Friday, May 28, 2010, as a result of bank failures, the banks were closed by the Florida Regulatory Office. They are placed in a curator and the Federal Deposit Insurance Corporation is named the recipient. Bank assets sold to EverBank.
At the time of the failure, Francis Rooney, former US ambassador to the Vatican, is the largest single shareholder of the bank, owning 3.38%.
Video Bank of Florida
History
On August 24, 1999, Bank of Florida - Southwest began operations in Naples, Florida.
On July 16, 2002, Bank of Florida - Southeast opened for business in Fort Lauderdale, Florida.
On November 5, 2004, Bank of Florida - Tampa Bay opened for business in Tampa, Florida.
In the first quarter of 2010, Florida regulators warned banks to increase capital or face closure.
On Friday, May 28, 2010, as a result of bank failures, the banks were closed by the Florida Regulatory Office. They are placed in a curator and the Federal Deposit Insurance Corporation is named the recipient. Bank assets sold to EverBank.
Maps Bank of Florida
References
Source of the article : Wikipedia
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