Security Bank N.A. of North Lauderdale, Florida becomes the 23rd U.S. bank failure of the year....

|By:, SA News Editor

Security Bank N.A. of North Lauderdale, Florida becomes the 23rd U.S. bank failure of the year. Banesco USA of Coral Gables will buy the bank's $101M in assets and assume its $99.1M in deposits. The cost to the FDIC: $10.8M.