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Florida Bank Failure Raises Year's Tally to 23

The Office of the Comptroller of the Currency closed Security Bank in North Lauderdale, Fla., on Friday, bringing the total number of failures so far in 2012 to 23.. As the receiver of the $101 million- asset bank, the Federal Deposit Insurance Corp. sold Security Bank's assets to Banesco USA in Coral Gables, Fla., without a loss-sharing agreement.

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