The end maybe soon. Many newspapers are talking about it.
Williams-Young did confirm that the FDIC recently rented office space at 200 N. Martingale Road in Schaumburg, where "as many as 500 nonpermanent staff and contractors" will work "to manage receiverships and liquidate assets from failed financial institutions, primarily located in Midwestern states."
FDIC spokeswoman LaJuan Williams-Young said Tuesday that her agency cannot comment on the situation. The comptroller of the currency and FDIC act secretively when a bank is taken over involuntarily, typically not even announcing that to the bank's employees until closing time on a Friday night.
Amcore Bank may be on auction block for takeover :: The Courier News :: Local News
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