Sunday, April 25, 2010

Year’s Failures Rise to 57 - NYTimes

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

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

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

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