Heritage Community Bank was the third bank in Illinois to fail after being shut down by state and federal regulators on Friday. It is the second Chicago bank to go under so far this year. The FDIC announced that MB Financial was the winning bid and will purchase their assets. more ›

While the only visible change inside WaMu’s Seattle-headquarters after being purchased by J.P. Morgan Chase & Co. was a portrait of Kerry Killinger--the CEO tossed out earlier this month--being replaced by a picture of an abacus, bank officials announced on Friday that as many as 400 retail branches will close. Chicagoland is likely to be hit hard because of the overlap: Chase has 340 branches, while WaMu has 117. A study conducted in March showed 160 Chase branches had a WaMu branch within 1.5 miles. more ›

Ten-Second Bandit: It's more than just your high school nickname. In fact, it's the FBI's moniker for two different area bank robbers, one of whom is in prison. The other, current 10SB has been holding up local banks, demanding money within...well, you know. more ›