Bank of Florida Corporation Commences Marketing of its Common Stock Offering

NAPLES, Fla.--(EON: Enhanced Online News)--Bank of Florida Corporation (NASDAQ: BOFL) announced today that it offering and accepting subscriptions for shares of its common stock after the Securities and Exchange Commission declared the Company's registration statement effective on April 13, 2010.

Bank of Florida is accepting subscriptions for up to 84.4 million shares of common stock, at $0.85 per share. The offering is intended to raise $71.8 million in gross proceeds for the Company.

Of the 84.4 million shares, 38.9 million shares are being made available to Company stockholders of record as of March 8, 2010. Each such stockholder will receive nontransferable rights to purchase three shares of Bank of Florida common stock for each share owned as of that date. If a stockholder fully exercises his or her subscription rights, then the stockholder may also subscribe to purchase additional shares. Concurrently with the rights offering, Bank of Florida is also offering to sell an additional 45.6 million shares of its common stock to the public in a supplemental offering.

Subscription rights will expire at 5:00 p.m., Eastern Time, on May 10, 2010, and the supplemental offering will terminate at 5:00 p.m., Eastern Time, on May 21, 2010, unless either or both offering periods are extended until no later than July 30, 2010.

The Company has retained Kendrick Pierce & Co. Securities, Inc. as the exclusive placement agent and dealer manager in the offering. Copies of the prospectus can be obtained from Kendrick Pierce by calling 1 [phone] ext. 209.

Bank of Florida Corporation

Bank of Florida Corporation. (Nasdaq: BOFL) is a $1.4 billion-asset multi-bank holding Company located in Naples, Florida. Bank of Florida Corporation is the parent company for Bank of Florida - Southwest in Collier and Lee Counties; Bank of Florida – Southeast in Broward, Miami-Dade and Palm Beach Counties; Bank of Florida – Tampa Bay in Hillsborough and Pinellas Counties; and Bank of Florida Trust Company, collectively referred to as the “Company”. Investor information may be found on the Company’s web site, http://www.bankofflorida.com, by clicking on "Investor Relations." To receive an email alert of all company press releases, SEC filings, and events, select the “Email Notification” section.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements in this press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which statements generally can be identified by the use of forward-looking terminology, such as “may,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “target,” “plan,” “project,” or “continue” or the negatives thereof or other variations thereon or similar terminology, and are made on the basis of management’s plans and current analyses of Bank of Florida Corporation, its business and the industry as a whole. These forward-looking statements are subject to risks and uncertainties, including, but not limited to, economic conditions, competition, interest rate sensitivity and exposure to regulatory and legislative changes. The above factors, in some cases, have affected, and in the future could affect Bank of Florida Corporation financial performance and could cause actual results for fiscal 2010 and beyond to differ materially from those expressed or implied in such forward-looking statements. Bank of Florida Corporation does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

Bank of Florida Corporation has filed a registration statement (including a prospectus) (SEC File Number 333-161252) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, copies of the prospectus relating to the offering may be obtained from Kendrick Pierce & Co., at 511 W. Bay Street, Suite 300, Tampa, Florida 33606 or by telephone at 1 [phone].