Government regulators rolled into Illinois this afternoon, shutting down four banks to bring the total to 54 this year. Details are below. I’ll update with new posts if there are any other bank closures:
No. 51 – Amcore Bank of Rockford, Ill. was shut down, then taken over by Harris National Association of Chicago. Amcore had 58 branches. Estimated cost to the FDIC: $220.3 million.
No. 52 – Broadway Bank of Chicago was shut down, then taken over by MB Financial of Chicago. Broadway had four branches. Estimated cost to the FDIC: $394.3 million.
No. 53 – CitizensBank & Trust of Chicago was shut down, then taken over by Republic Bank of Chicago. CitizensBank has one branch. Estimated cost to the FDIC: $20.9 million.
No. 54 – New Century Bank of Chicago was shut down, then taken over by MB Financial of Chicago. New Century had three branches. Estimated cost to the FDIC: $125.3 million.
1 Reader Comment
Trackback URL Comments RSS Feed
Sites That Link to this Post