Small Illinois bank fails; 26th shuttered in 2011 - Yahoo! Finance: "WASHINGTON (AP) -- Regulators on Friday shut down a small bank in Illinois, boosting to 26 the number of U.S. bank failures this year after 157 succumbed in 2010 to the sputtering economy and piles of soured loans.
The Federal Deposit Insurance Corp. seized Bank of Commerce, with one office in Wood Dale, Ill., $163.1 million in assets and $161.4 million in deposits. Advantage National Bank Group, based in Elk Grove Village, Ill., agreed to assume the assets and deposits of the failed bank."
Friday, March 25, 2011
Fed Loose, 26 Banks in the Noose
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment