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Real Estate & Property Law

: Housing Wire

Two Bank Failures Cost FDIC $100 Million

By DIANA GOLOBAY

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The Illinois Department of Financial Professional Regulation on Friday shut down Glenwood, Ill.-based Heritage Community Bank and named as receiver the Federal Deposit Insurance Corp., which entered into a purchase and assumption agreement with MB Financial Bank of Chicago. The four Heritage offices reopened Saturday as branches of MB Financial Bank, which assumed all of [...]

Full post as published by Housing Wire on March 02, 2009 (boomark / email).

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