The FDIC Opens up Satellite Office, Anticipates More Illinois Bank Failures
(Medill Reports) — April 23, 2010: a day of infamy for Illinois banks. Seven more Illinois community banks were added to the Federal Deposit Insurance Corp.’s “failed bank” list that Friday, pushing the number of Illinois bank failures to 32 since the fall of 2007—second only to Georgia, 38. One that failed that day was Broadway Bank, the family-owned institution that helped launch the political career of Illinois Treasurer Alexi Giannoulias, now the Democratic candidate for the U.S. Senate.
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