NAPLES, Fla.--BancFlorida said it has sold $211 million of U.S. Tresury and mortgage-backed securities, which will produce a pretax gain of about $7.6 million in the quarter ending Dec. 31.

The proceeds were reinvested in a similar amount of securities backed by balloon mortgages, said the thrift's parent, BancFlorida Financial Corp.

The company moade the move as part of a plan to raise capital levels, control interest-rate risk, and improve liquidity.

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