Bank of Lincolnwood seized by regulators

June 07 2009 17:12:47

Bank of Lincolnwood seized by regulators

Bloomberg

Bank of Lincolnwood, with $214 million in assets, was shut by the Illinois Department of Financial and Professional Regulation, and the Federal Deposit Insurance Corp. was named receiver, the FDIC said Friday in a statement. Republic Bank of Chicago will assume the failed bank’s $202 million of deposits.

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