Bank of Florida - Tampa Bay Opens Financial Center in Pinellas County

Bank of Florida Corporation (Nasdaq:BOFL), a $1.3 billion-asset multi-bank holding company, today announced the expansion of Bank of Florida - Tampa Bay into the Pinellas County market with the opening of a full service financial center on August 16th. The new financial center is located in Clearwater, Florida at 26417 US Highway 19 North. The completely renovated 4,000 square foot facility is located just south of the Countryside Mall and features a full-service banking center, including a drive-through and ATM. The Pinellas County expansion is led by 16-year banking veteran, Charles J. Tipton, who will serve as the Market President for Pinellas County. Since entering the Tampa Bay market in the 4th quarter of 2004, Roy Hellwege, Bank of Florida – Tampa Bay’s President and CEO, has grown the bank to more than $161 million in assets, $153 million in loans and $142 million in deposits. "Based on the success of our Harbour Island location, we feel this market is primed for our unique blend of exceptional client service, sincere customer advocacy, and relationship driven solutions for business professionals and business owners,” said Mr. Hellwege. "Our strategic plan called for expansion into the Clearwater/St. Pete area, and we are proud to bring this to fruition.” Joining Mr. Tipton is Keith Felton, Vice President of Private Banking; Erika Saunders, Vice President and Banking Center Manager; Scott Wedmore, Vice President of Commercial Lending; Jennifer Wilson, Vice President of Business Development and Donna McLeod, Business Development Administrative Officer. "I have been a banker in the Tampa Bay market for over 10 years, and I am proud to have assembled such an accomplished and dedicated team of bankers. From our door-to-door-banker courier services, to on-site training of our advanced cash management services to our complete local decision-making and fast turn around time for commercial loans, this team is ready to deliver on what a client should receive from their financial partner,” said Mr. Tipton. Hours of operation for the new banking center are 9:00 AM – 4:00 PM Monday through Thursday and 9:00 AM – 5:00 PM on Friday. BANK OF FLORIDA CORPORATION Bank of Florida Corporation (Nasdaq:BOFL) (Newspaper listing: "BcshFla”) is an $1.3 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 County; and Bank of Florida Trust Company. Investor information may be found on the Company’s website, http://www.bankofflorida.com, under the "Investor Relations" tab. 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 2007 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.