A South Florida community bank is buying a nearby investment brokerage.

Southern Security Bank Corp., Hollywood, and First Colonial Securities Group Inc., Boca Raton, said they have signed a letter of intent for Southern to buy all the outstanding stock of privately held Colonial.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.