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