Yesterday was D-Day for Illinois Banks, the largest amount of bank seizures in one day. Some of the institutions that will become part of a larger bank were really great neighborhood banks. The real estate melt down has really changed the landscape of investing. In summary:
Lincoln Park Saving Bank will become Northbrook Bank & Trust, a Wintrust Bank. Broadway Bank and New Century Bank were both aquired by MB Financial. Citizens Bank & Trust was acquired by Republic Bank. Wheaton Bank will become Wheatland Bank, another Wintrust Company. The Harris Bank acquired Amcore. First Midwest of Itasca will take over deposits for Peotone Bank & Trust.
Saturday, April 24, 2010
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