Friday, March 12, 2010

FDIC seeking bids on half-dozen struggling Chicago-area banks - chicagotribune.com

This logo may be gone very soon. How many back office jobs will be gone?

The most troubled Illinois banks are 16 that were undercapitalized as of Dec. 31. Since then, two have failed and one was acquired. Only five were undercapitalized at the end of 2008.

those that the regulator is trying to line up buyers for include Amcore Bank, Broadway Bank, Lincoln Park Savings Bank, Wheatland Bank, Citizens Bank & Trust Co. of Chicago and New Century Bank.

The FDIC could do "six or seven now, and do another six or seven" later, said a person familiar with the bid process.

 

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FDIC seeking bids on half-dozen struggling Chicago-area banks - chicagotribune.com

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