Bank bids heat up

REVIEW SUMMARY
Industry. Banking
Trend. Consolidation
Key. Investors may temper their enthusiasm for assets of Florida banks if the Gulf oil spill becomes catastrophic.
By the Numbers. Click here for a list of failed banks from along the Gulf Coast.

In the battle for the assets and deposits of Naples-based Bank of Florida's three failed subsidiaries last month, federal regulators received a total of 16 bids from five undisclosed bidders.

“The environment was more competitive,” noted EverBank Chairman and CEO Robert Clements, the eventual winner.