Bank of Florida
From Wikipedia, the free encyclopedia
IndustryBanking
FoundedAugust 24, 1999
DefunctMay 28, 2010
FateBank failure; assets acquired by EverBank
| Industry | Banking |
|---|---|
| Founded | August 24, 1999 |
| Defunct | May 28, 2010 |
| Fate | Bank failure; assets acquired by EverBank |
| Headquarters | Naples, Florida |
Key people | Michael L. McMullan (president & CEO) Tracy L. Keegan (CFO) |
| Revenue |  $0.071 billion (2009) |
| -$0.147 billion (2009) | |
| Total assets |  $1.529 billion (2009) |
| Total equity | $0.165 billion (2009) |
Number of employees | 218 (2009) |
| Footnotes / references [1] | |
Bank of Florida Corporation was a bank holding company based in Naples, Florida. The company operated 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 failure, the banks were shut down by the Florida Office of Financial Regulation. They were placed into receivership and the Federal Deposit Insurance Corporation was named receiver. The assets of the banks were sold to EverBank.
At the time of the failure, Francis Rooney, the former U.S. ambassador to the Vatican, was the largest single shareholder of the bank, owning 3.38%.[2]
