Bank of Florida - Southwest
Naples, FL · Owner: Bank of Florida Corp
$641M
total assets, March 31, 2010
$641M
total assets, March 31, 2010
Bank of Florida - Southwest was a state nonmember bank in Naples, FL, owned by Bank of Florida Corp. It failed on May 28, 2010, and Everbank took over its deposits. At its last report it held $640.9 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2010
This bank failed
- Failed on
- May 28, 2010
- Assets
- $641M
- Deposits
- $560M
- Estimated cost
- $87.6M
- Deposits went to
- Everbank, Jacksonville, FL
Total assets
$641M
-15.6% in a year · -2.9% in a quarter
Deposits
$560M
+9.9% in a year · +1.2% in a quarter
Loans
$528M
-15.0% in a year · -6.0% in a quarter
Profit so far
-$25.2M
Jan 1 to Mar 31, 2010
Capital ratio
-2.36%
-8.88 pts in a year
Return on assets
-15.51%
-14.61 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 1185 Immokalee Road, Naples, FL, 34110
- County
- Collier
- Holding company
- Bank of Florida Corp
- Established
- Aug 24, 1999
- Failed
- May 28, 2010
- Employees
- 124
- Branches
- 5
- Id
- b35106
Quarter by quarter
September 30, 1999 to March 31, 2010
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Bank of Florida - Southwest?
$640.9 million in total assets and $559.9 million in deposits as of March 31, 2010, with assets down 15.6% from a year before. Its loans were $528.5 million.
How many branches does Bank of Florida - Southwest have?
5 branches in Florida as of June 30, 2026.
Is Bank of Florida - Southwest profitable?
No: it lost $25.2 million from January 1 to March 31, 2010. Its return on assets was -15.51% a year; about 1% is typical.
Who owns Bank of Florida - Southwest?
Bank of Florida - Southwest is owned by Bank of Florida Corp, its holding company.
When did Bank of Florida - Southwest fail?
May 28, 2010. Everbank of Jacksonville, FL took over its deposits. The estimated cost of the failure was $87.6 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.