Bank of Florida

Bancorp in Florida, United States

Bank of Florida CorporationIndustry| Banking

|

Founded| August 24, 1999; 25 years ago (1999-08-24)
Defunct| May 28, 2010; 15 years ago (2010-05-28)
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)

Net income

|  -$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]

## History

[edit]

On August 24, 1999, Bank of Florida – Southwest commenced operations in Naples, Florida.[1]

On July 16, 2002, Bank of Florida – Southeast opened for business in Fort Lauderdale, Florida.[1]

On November 5, 2004, Bank of Florida – Tampa Bay opened for business in Tampa, Florida.[1]

In the first quarter of 2010, Florida regulators warned the bank to raise capital or face being shut down.[3]

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.[4]

## References

[edit]

1. ^ a b c d "Bank of Florida Corporation 2009 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
2. ^ Layden, Laura (June 17, 2010). "SEC records reveal names of failed Bank of Florida's prominent shareholders". Naples Daily News.
3. ^ Bandell, Brian (May 3, 2010). "Bank of Florida in critical state". American City Business Journals.
4. ^ Bandell, Brian (May 28, 2010). "EverBank snags failed Bank of Florida". American City Business Journals.

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EverBank Financial Corp

Founders|

* Robert M. Clements

Corporate
directors|

* Robert M. Clements (Chairman and CEO)
* Blake Wilson (President and COO)
* Steven J. Fischer (CFO)
* Gary A. Meeks (CRO)
* Seth Waller (CCO)

Divisions|

* EverBank Advisors Services
* EverBank Commercial Finance
* EverBank Commercial Real Estate Lending
* EverBank Correspondent
* EverBank Direct Banking
* EverBank Direct Lending
* EverBank Retail Banking
* EverBank Retail Lending
* EverBank Wealth Management
* EverBank Wholesale Lending
* EverBank World Markets
* EverHome Mortgage
* EverTrade Direct Brokerage

Historical components|

* Bank of Florida
* First Alliance Bank
* GE Capital Real Estate
* Tygris Commercial Finance Group

Places and facilities|

* 110 Tower (Ft. Lauderdale)
* EverBank Center (Jacksonville)
* EverBank Field (Jacksonville)
* EverBank Plaza (Jacksonville)
* One Financial Center (Boston)

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