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Security Bank is 23rd US Bank to Fail in 2012
Last Friday, Security Bank, National Association of North Lauderdale, Florida became the 23rd bank to fail in 2012. Banesco USA of Coral Gables, Florida, has agreed to assume the deposits and assets of the failed Security Bank. Security Bank N.A.'s failure will cost the Deposit Insurance Fund 10.8 million.
Check out Security Bank's capital ratios by clicking on the name above and see what a failed bank's risk levels look like.