Sunday, August 8, 2010

Ravenswood Bank fails, Wintrust unit is the buyer

Ravenswood Bank on Friday became the 23rd Chicago-area bank to fail since the financial crisis began claiming local banks at the start of 2009.

As of June 30, 40% of its loans were to commercial and residential developers or to investors in commercial real estate.

Ravenswood Bank fails, Wintrust unit is the buyer | Finance | Crain's Chicago Business

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