Bank Failure – Bank of Florida

by CD Rates on May 28, 2010 · 0 comments

in Bank Failures

The FDIC just released a press release stating Bank of Florida and it’s three affiliates have failed.  The bank’s assets will be acquired by EverBank.

All deposit accounts, which include checking, savings, money market, CDs and retirement accounts, have been transferred to EverBank, regardless of the dollar amount. No one lost any money on deposit in Bank of Florida.

Customers of both banks should continue to use their existing branches until EverBank can fully integrate the deposit records of Bank of Florida.

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