Bank Bust Friday. IL hits the jackpot! 7 banks fail today ALL Illinois

[jannyk]

Wheatland Bank, Naperville, IL
Peotone Bank and Trust Company, Peotone, IL
Lincoln Park Savings Bank, Chicago, IL
New Century Bank, Chicago, IL
Citizens Bank&Trust Company of Chicago, Chicago, IL
Broadway Bank, Chicago, IL
Amcore Bank, N.A., Rockford, IL

http://www.fdic.gov/

[Hawkeye-X]

1. One of 'em is Giannouis family bank

Broadway Bank of Chicago.

Doesn't bode well for Alex even though he hasn't been involved in 4 years.

Hawkeye-X

[greatauntoftriplets]

2. I used to live near the Broadway Bank and just called a friend stil in the neighborhood.

She said the FDIC had hung black curtains over the windows. No word yet on who will take it over. On my way to work, I drive past a Lincoln Park Savings Bank branch. Wheatland Bank in Naperville was in extremely bad shape. Way over-extended.

[skorpo]

3. MB Financial to take over Broadway

story @ this site:
http://www.marketwatch.com/story/mb-financial-bank-acquires-broadway-bank-and-new-century-bank-2010-04-23?reflink=MW_news_stmp

[dbt]

4. K & R for green shoots

n/t (except for the n/t notation)