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Real Estate & Property Law

: Housing Wire

Two More Banks Bite the Dust

By KELLY CURRAN

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Two Illinois Banks, holding combined assets of $974 million, were shut down Friday by federal regulators, marking the 35th and 36th US bank failures of 2009. Strategic Capital Bank and Citizens National Bank were both placed in receivership of the Federal Deposit Insurance Corporation. On behalf of Strategic Capital, the FDIC entered into a purchase and assumption [...]

Full post as published by Housing Wire on May 26, 2009 (boomark / email).

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