UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of

The Securities Exchange Act of 1934

Date of Report (date of earliest event reported): ~~May~~June 281, 2010

BANK OF FLORIDA CORPORATION

(Exact name of registrant as specified in its charter)

Florida

000-50091

59-3535315

(State or other jurisdiction

Of incorporation)

Commission File Number

(I.R.S. Employer

Identification No.)


1185 Immokalee Road, Naples, Florida		34110
(address of principal executive offices)		(Zip Code)

Registrant’s telephone number: (239) 254-2100

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

¨[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Item 1~~ITEM 3.0301. ~~Bankruptcy~~Notice of Delisting or ~~Receivership.~~Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

On ~~May~~ June 282, 2010, Bank of Florida –Corporation ~~Southwest,~~(the ~~Bank~~“Company”) ofreceived ~~Florida~~a letter –from ~~Southeast~~The ~~and~~Nasdaq ~~Bank~~Stock ofMarket ~~Florida~~(“Nasdaq”) –indicating ~~Tampa~~that ~~Bay~~the Company’s common stock will be delisted from Nasdaq in accordance with Listing Rules 5101, 5110(~~collectively~~b) and IM-5101-1, ~~the~~due ~~“Banks”)~~to Nasdaq’s concerns, stemming from the receivership ~~principal~~of ~~operating~~the ~~subsidiaries~~Company’s ofthree ~~Bank~~former ofbank ~~Florida~~subsidiaries, ~~Corporation~~about (the “ Company”)’s ~~were~~ability ~~closed~~to bydemonstrate ~~the~~compliance ~~Florida~~with ~~Office~~all of ~~Financial~~the ~~Regulation~~requirements for continued listing, ~~which~~as ~~appointed~~well as the ~~Federal~~residual ~~Deposit~~equity ~~Insurance~~interest ~~Corporation~~of (the ~~“FDIC”)~~Company’s common stockholders. Furthermore, as ~~receiver~~disclosed ofin a Current Report on Form 8-K filed on May 20, 2010, the ~~Banks~~Company had previously been advised that it was not in compliance with Listing Rule 5450(b)(1)(A) because the Company’s stockholders’ equity at March 31, 2010, was below $1,000,000.

AsThe ~~indicated~~Company indoes ~~the~~not ~~FDIC~~intend ~~press release dated May 28, 2010, subsequent~~ to ~~the~~appeal ~~closure,~~Nasdaq’s ~~EverBank, Jacksonville, Florida, assumed the operations and~~determinations. ~~all of the deposits of the Banks~~Accordingly, ~~and purchased essentially all of~~ the ~~Banks~~Company’s ~~assets~~common instock awill ~~loss-share~~be ~~transaction~~delisted ~~facilitated~~effective byas ~~the~~of ~~FDIC. The loss-share transaction provides for~~ the ~~FDIC~~opening toof ~~share~~business ~~in the losses~~ on ~~the~~June 11, ~~assets covered in the transaction~~2010. ~~All~~Furthermore, ~~depositors~~trading ofin the ~~Banks,~~Company’s ~~will~~common ~~automatically~~stock ~~become~~has ~~depositors~~been ofhalted ~~EverBank~~since ~~for~~ the ~~full~~opening ~~amount~~ of ~~their~~business deposits, and they will continue to have uninterrupted access to the Banks’ deposits. Depositors will continue to be insured with EverBank, so there is no need for customers to change their banking relationship. Beginning on June 1, 2010~~, the 13 offices of the Banks reopened as branches of EverBank~~.

~~Bank~~A copy of ~~Florida~~the –advisory ~~Southeast~~letter ~~customers~~is ~~who~~filed ~~have~~as ~~questions~~Exhibit ~~about~~99.1 ~~the~~to ~~foregoing~~this ~~matters,~~Current orReport ~~who~~on ~~would~~Form ~~like~~8-K ~~information~~and ~~about~~is ~~the~~incorporated ~~closure~~by ofreference herein. ~~the~~On ~~Banks~~June 3, ~~may~~ ~~visit~~2010, the ~~FDIC’s~~Company ~~web~~issued ~~site~~a atpress ~~http://www~~release describing the advisory letter.~~fdic.gov/bank/individual/failed/bankoffloridase.html~~ orA ~~call~~copy of the ~~FDIC~~press ~~toll-free~~release atis 1filed as Exhibit 99.2 to this Current Report on Form 8-~~800-894-2927~~K and is incorporated by reference herein.

~~Bank~~ITEM 5.02 Departure of ~~Florida~~Certain –Officers; ~~Southwest~~Election ~~customers~~of ~~who~~Directors; ~~have~~Appointment ~~questions~~of ~~about~~Certain ~~the~~Officers; ~~foregoing~~Compensatory ~~matters,~~Arrangements ~~or who would like information about the closure~~ of ~~the Banks,~~ ~~may~~Certain ~~visit~~Officers ~~the FDIC’s web site at http://www.fdic.gov/bank/individual/failed/bankoffloridasw.html or call the FDIC toll-free at 1-800-894-2810.~~

~~Bank~~On ofJune 1, ~~Florida~~2010, –John ~~Tampa~~B. ~~Bay~~James, ~~customers~~Roy ~~who~~N. ~~have~~Hellwege ~~questions~~and ~~about~~John ~~the~~S. ~~foregoing~~Chaperon ~~matters,~~ceased orbeing ~~who~~executive officers ~~would~~of ~~like~~the ~~information~~Company, ~~about~~following the ~~closure~~placement of the ~~Banks, may visit the FDIC~~Company’s ~~web site at http://www.fdic.gov/~~bank~~/individual/failed/bankoffloridatb.html~~ orsubsidiaries ~~call~~into ~~the FDIC toll-free at 1-800-894-3199~~receivership.

The Company’s principal assets were the capital stock that it owns in the Banks. As the owner of all of the capital stock of the Banks, the Company would be entitled to the net recoveries, if any, following the liquidation or sale of the Banks or their assets by the FDIC. However, at this time, the Company does not believe that any recovery will be realized.

The Company continues to own and operate Bank of Florida Trust Company, but otherwise, the Company has minimal remaining tangible assets. Florida Trust Company cannot be expected to provide returns or income similar to what could be expected from a multi-bank holding company.

The Company is exploring methods of winding down its operations. Any ultimate distribution of assets will occur in accordance with Florida law, the Company’s Articles of Incorporation and the terms of the Company’s outstanding series of Preferred Stock. It is not expected that any distribution will be made to common stockholders.

On June 1, 2010, the Company distributed a letter to its shareholders describing the events of May 28, 2010.

ITEM 8.01 Other Events.

On June 1, 2010, the Company filed an application with the Securities and Exchange Commission to withdraw its Registration Statement on Form S-1, as amended (File Number 333-161252). The application will be deemed to be approved, unless the SEC otherwise notifies the Company within 15 days of filing. Accordingly, the Company has terminated its common stock offering pursuant to the Registration Statement.

ITEM 9.01. Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is being furnished with this Report:

99.1 Letter tofrom ~~Shareholders~~The Nasdaq Stock Market dated June 1 2, 2010.

99.2 Press Release dated June 3, 2010.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				Bank of Florida Corporation
				Bank of Florida Corporation (Registrant)
				(Registrant)
Date: June 3, 2010
Date: June 1, 2010
				/s/ Tracy L. Keegan
				/S/ TRACY L. KEEGAN
				Tracy L. Keegan Chief Financial Officer & Executive Vice President
				Tracy L. Keegan
				Chief Financial Officer & Executive Vice President

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