This time, Bank of Florida Corp. is trying to raise enough capital just to stay alive.
The $1.4 billion-asset Naples company's subsidiary banks — operating in three struggling markets in Florida — are "critically" and "significantly" undercapitalized by regulatory standards. They are under orders from regulators to reach well capitalized status, and they expect to receive prompt-corrective-action orders soon.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access