We have been advised that on Friday, July 20, 2012, the Florida Office of Financial Regulation closed The Royal Palm Bank of Florida and the Federal Deposit Insurance Corporation (FDIC) was named receiver.
All deposits have been transferred to First National Bank of the Gulf Coast, Naples, Florida,and will be available immediately. The former The Royal Palm Bank of Florida locations will reopen as branches of First National Bank of the Gulf Coast during regular business hours.
For more information about First National Bank of the Gulf Coast, visit their web site at: www.fnbofgc.com.
If you have any questions about the change-over, you can call the FDIC toll-free at 800-830-4697, or visit the FDIC's web site at: http://www.fdic.gov.
This ALERT has been published for the sole purpose of meeting the company's predetermined underwriting criteria, and should in no way be construed as the opinion of The Fund as to the financial stability or impropriety of the parties or entities named in this ALERT.