Safety and Soundness Statement

 

Your Assets with Bank of Florida Trust Company

 

With all of the recent negative headlines about the solvency of banks, we would like to take this opportunity to provide you information about your accounts with Bank of Florida Trust Company.

 

Bank of Florida Trust Company is a Florida chartered non-depository trust company which is a wholly owned subsidiary of Bank of Florida Corporation. ( What does this mean? We are sister companies with Bank of Florida.)

 

As required by law, all of the Bank of Florida Trust Company assets and the assets of its clients are segregated from the assets of Bank of Florida.  The custodians of all trust, investment and custodial assets are third parties that are unaffiliated with Bank of Florida or its holding company Bank of Florida Corporation.

 

In the very unlikely event of the insolvency of Bank of Florida, the assets of Bank of Florida Trust Company, and its clients, cannot be reached and cannot be used to satisfy the claims of depositors or other creditors of the bank.  As a separate company, Bank of Florida Trust Company would continue to operate and the assets of its clients would be unencumbered.

 

 Should you have any questions or concerns, please do not hesitate to contact us.  Thank you for affording us the opportunity to be of service.

 

 

 

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