Bank failure · FL
Security Bank, National Association (North Lauderdale, FL) — failed May 4, 2012
Security Bank, National Association of North Lauderdale, Florida was closed on May 4, 2012 and resolved through a purchase and assumption. Banesco USA (FL) took over its insured deposits. At failure it held $101.0M in assets and $99.1M in deposits. The FDIC's estimated loss on the failure is $15.1M (14.9% of assets).
- Closing date
- May 4, 2012
- FDIC certificate #
- 23156
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Banesco USA
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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