Bank failure · FL
Bank of Florida - Southwest (Naples, FL) — failed May 28, 2010
Bank of Florida - Southwest of Naples, Florida was closed on May 28, 2010 and resolved through a purchase and assumption. Everbank (FL) took over its insured deposits. At failure it held $640.9M in assets and $559.9M in deposits. The FDIC's estimated loss on the failure is $87.6M (13.7% of assets).
- Closing date
- May 28, 2010
- FDIC certificate #
- 35106
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Everbank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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