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South Florida

Real estate crash forces bank layoffs

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Miami-based Ocean Bank laid off 104 employees Friday following mounting losses from bad loans. Benigno F. Aguirre, senior vice president of human resources; Mariano H. Fernandez, senior vice president of operations; and Luis A. Consuegra, in-house counsel were also “separated” from the bank, according to an internal memo. The bank lost $63.6 million in 2007, due largely to a high concentration of real-estate loans.