Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
Bank Failures

Bid Summary for Bank of Florida - Southeast, Fort Lauderdale, FL

Bank of Florida – Southeast, Fort Lauderdale, FL
Closing Date: May 28, 2010

Failed Bank Information for Bank of Florida - Southeast, Fort Lauderdale, FL

BidderAsset Discount %Deposit Premium %First Loss TrancheValue Appreciation InstrumentLinked or Unlinked
Winning:
EverBank, Jacksonville, FL
19.30%0%31.63%NoLinked
Cover(second place):
EverBank, Jacksonville, FL
21.20%0%36.33%NoLinked
Other Bid:1.50%0%0%NoLinked
Other Bid:1.91%0.61%0%NoLinked
Other Bid:2.98%0%0%YesLinked
Other Bid:3.39%0.61%0%YesLinked
Other Bid:6.00%0%0%NoLinked
Other Bid:7.96%0%0%NoLinked
Other Bid:10.93%0.50%0%NoLinked
Other Bid:11.25%0.50%0%YesLinked
Other Bid:13.46%0%0%NoLinked
Other Bid:17.40%0%20.00%NoLinked
Other Bid:17.60%0%22.82%NoLinked
Other Bid:17.90%0%25.65%NoLinked
Other Bid:18.70%0%28.64%NoLinked
Other Bid:23.50%0%41.20%NoLinked

Other Bidder Names & Locations:

American Momentum Bank, Tampa, FL
Centennial Bank, Conway, AR
EverBank, Jacksonville, FL
IberiaBank, Lafayette, LA
North American Financial Holding, Charlotte, NC

Notes:

  • The winning bidder’s acquisition of all the deposits was the least costly resolution compared to a liquidation alternative and the other bids. The liquidation alternative was valued using valuation models to estimate the market value of the assets. The bids for loss share were valued using a discounted cash flow analysis for the loss share portfolio over the life of the loss share agreement.
  • The Other Bidder Names and the Other Bids are in random order. There is no linkage between bidder names and bids, except in the case of the winning bid and the cover bid.
  • There are more bids than bidders because one or more bidders submitted more than one bid.
  • For more information on the bid disclosure policy, see Failed Financial Institution Bid Disclosure Policy

Back to top

Last Updated: April 19, 2022