Friday, April 23, 2010

FDIC shuts down 7 banks in Illinois

http://finance.yahoo.com/news/FDIC-shuts-down-7-banks-in-apf-3746090585.html?x=0&sec=topStories&pos=1&asset=&ccode=



Regulators on Friday shut down seven banks in Illinois, putting the number of U.S. bank failures this year at 57.

The Federal Deposit Insurance Corp. took over four banks in Chicago: New Century Bank, with $485.6 million in assets; Citizens Bank&Trust Company, with $77.3 million in assets; Broadway Bank, with $1.2 billion in assets; and Lincoln Park Savings Bank, with $199.9 million in assets.

The FDIC also took over Amcore Bank of Rockford, which had $3.8 billion in assets; Peotone Bank and Trust Company in Peotone, with $130.2 million in assets; and Wheatland Bank of Naperville, with $437.2 million in assets.