1082368--3/5/2008--BANK_OF_FLORIDA

related topics

{stock, price, share}

{loan, real, estate}

{acquisition, growth, future}

{control, financial, internal}

{regulation, change, law}

{loss, insurance, financial}

{condition, economic, financial}

{tax, income, asset}

{personnel, key, retain}

{competitive, industry, competition}

{cost, contract, operation}

{provision, law, control}

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 BACKGROUND AND PRIOR OPERATING HISTORY DISTRIBUTION OF ASSETS, LIABILITIES AND STOCKHOLDERS EQUITY; INTEREST RATES AND INTEREST DIFFERENTIAL RETURN ON EQUITY AND ASSETS SUMMARY OF LOAN LOSS EXPERIENCE The Company has incurred cumulative losses since it commenced operations and may incur losses in the future. The Company may encounter unexpected financial and operating problems due to its rapid growth. Our growth strategy may not be successful. Losses from loan defaults may exceed the allowance we establish for that purpose, which will have an adverse effect on our business. If real estate values in our target markets continue to decline, our loan portfolio would be impaired. If we lose key employees, our business may suffer. Weakness in the economy and in the real estate market within our geographic footprint may adversely affect us. If our mortgage-backed securities portfolio fails to perform, our securities may lose value. Rapid and significant changes in market interest rates may adversely affect our performance. Our subsidiary banks face strong competition in their market areas that may limit their asset growth and profitability. If adverse economic conditions in our target markets exist for a prolonged period, our financial results could be adversely affected. Bank of Florida Corporation and its subsidiaries operate in an environment highly regulated by state and federal government; changes in federal and state banking laws and regulations could have a negative impact on Bank of Florida Corporation s business. Regulatory action could severely limit future expansion plans. Investors may face dilution resulting from the issuance of common stock in the future. Shares of our preferred stock may be issued in the future which could materially adversely affect the rights of the holders of our common stock. Our common stock is not an insured bank deposit and is subject to market risk. We may need additional capital in the future and this capital may not be available when needed or at all. Future sales of our common stock could depress the price of the common stock. We have not paid dividends in the past and we are restricted in our ability to pay dividends to our shareholders. There are substantial regulatory limitations on ownership of our common stock and changes of control. Although publicly traded, our common stock has substantially less liquidity than the average trading market for a stock quoted on the Nasdaq Global Market, and our price may fluctuate in the future. Our stock price can be volatile.

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1082368--3/5/2008--BANK_OF_FLORIDA_CORP