- Notification that Quarterly Report will be submitted late (NT 10-Q)
May 10 2010 - 4:59PM
Edgar (US Regulatory)
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OMB
APPROVAL
OMB Number:
..3235-0058
Expires:.
. May 31, 2012
Estimated average burden
hours per response
.2.50
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SEC FILE
NUMBER
001-50091
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CUSIP
NUMBER
062128 10 3
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20429
FORM 12b-25
NOTIFICATION OF LATE FILING
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(Check One):
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¨
Form 10-K
¨
Form 20-F
¨
Form 11-K
x
Form 10-Q
¨
Form N-SAR
¨
Form N-CSR
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For Period Ended: March 31, 2010
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¨
Transition Report on Form 10-K
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¨
Transition Report on Form 20-F
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¨
Transition Report on Form 11-K
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¨
Transition Report on Form 10-Q
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¨
Transition Report on Form N-SAR
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For the Transition Period Ended:
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Read Instruction (on back
page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.
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If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates:
PART I REGISTRANT
INFORMATION
Bank of Florida Corporation
Full Name of Registrant
N/A
Former Name if Applicable
1185 Immokalee Road
Address or Principal Executive Office
(Street and Number)
Naples, Florida 34145
City, State and Zip Code
PART II RULES 12b-25(b)
AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule
12b-25(b), the following should be completed. (Check box if appropriate)
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x
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(a)
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The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or
expense;
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(b)
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The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K, Form N-SAR or Form N-CSR, or portion
thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or subject distribution report on Form 10-D, or portion thereof will be filed on or
before the fifth calendar day following the prescribed due date; and
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(c)
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The accountants statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
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PART III NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 20-F, 11-K, 10-Q, N-SAR, N-CSR or the transition report or portion thereof, could not be
filed within the prescribed time period.
Due to complications surrounding the coordination of Registrants management, Board of
Directors, and accountants, Registrant is unable to complete its Form 10-Q for the quarter ended March 31, 2010, without unreasonable effort and expense.
PART IV OTHER
INFORMATION
(1)
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Name and telephone number of person to contact in regard to this notification
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Tracy L. Keegan
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239
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254-2147
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(Name)
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(Area Code)
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(Telephone Number)
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(2)
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Have all other periodic reports required under Section 13 or 15(D) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the
preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify
report(s).: Yes
x
No
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(3)
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Is it anticipated that any significant change in results of operations from the corresponding Period for the last fiscal year will be reflected by the earnings
statements to be included in the subject report or portion thereof? : Yes
x
No
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If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if
appropriate, state the reasons why a reasonable estimate of the results cannot be made.
Registrants net loss for the
quarter ended March 31, 2009, was $4.4 million, or $0.34 per share. The Registrants net loss for the quarter ended March 31, 2010, is expected to be $34.1 million, or $2.66 per share. This increase is primarily due to increased provisions to
the Registrants allowance for loan and lease losses required due to continued degradation of the Registrants loan portfolio and real estate values in Registrants market areas.
Bank of Florida Corporation
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
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Date
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May 10, 2010
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By
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/s/ Tracy L. Keegan
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Tracy L. Keegan
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Chief Financial Officer
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INSTRUCTION: The form may
be signed by an executive officer of the Registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the
registrant by an authorized representative (other than an executive officer), evidence of the representatives authority to sign on behalf of the registrant shall be filed with the form.
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ATTENTION
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Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).
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