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FDIC

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Bank With Strong Ties To Hispanic Community Closes Doors

A savings and loan with strong ties to Chicago’s Hispanic community has become the 38th bank nationwide this year to fail.

07/21/2012

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FDIC Takes Control Of Wilmette-Based Bank

Premier Bank has become the third Illinois bank to fail this year, and the second this month. State regulators worked with the bank for months in an attempt to save it.

03/24/2012

State regulators have closed New City Bank, located at 900 S. Michigan Av. (Credit: CBS)

Regulators Close New City Bank

The failure Friday of New City Bank has left depositors in limbo, but it won’t last for long.

03/10/2012

Photo Of $20 And $10 Bills. (AP Photo)

Authorities: Bank President Improperly Paid Himself Nearly $500K

A $200,000 expenditure for a wedding, and $250,000 for a board meeting in Monte Carlo, are among the alleged acts of improper spending by the failed Mutual Bank of Harvey.

CBS Chicago–11/01/2011

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Federal Regulators Shut Down Illinois Bank

On Friday, regulators shut down a bank in Illinois and one in Washington-state, bringing the number closed this year to 63.

08/06/2011

(Photo illustration by Bruno Vincent/Getty Images)

North Side Bank Seized In State’s First Bank Failure Of 2011

A Rogers Park neighborhood bank became Illinois’ first bank failure of the year Friday after it was seized by state financial regulators.

02/05/2011