# SECURITY BANK, NATIONAL ASSOCIATION

> **Failed bank** · NORTH LAUDERDALE, FL · failed 2012-05-04 · National commercial bank (OCC-chartered) · FDIC cost $15M

## What happened

SECURITY BANK, NATIONAL ASSOCIATION of NORTH LAUDERDALE, FL was closed by the OCC on **2012-05-04**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **BANESCO USA** (CORAL GABLES, FL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 4005
- **FDIC Certificate:** 23156
- **FDIC FIN:** 10439
- **Bank name:** SECURITY BANK, NATIONAL ASSOCIATION
- **Location:** NORTH LAUDERDALE, FL
- **Failure date:** 2012-05-04
- **FDIC resolution date:** 2012-05-04
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $15M
- **Deposits at failure:** $99M
- **Assets at failure:** $101M
- **Acquiring bank:** BANESCO USA (CORAL GABLES, FL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SECURITY%20BANK%2C%20NATIONAL%20ASSOCIATION

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SECURITY BANK, NATIONAL ASSOCIATION (FDIC ID 4005), failed 2012-05-04. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/failed-bank/4005.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*