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Today in Everything Sucks:  How Many Chicago Banks Will Fail?

Today in Everything Sucks: How Many Chicago Banks Will Fail?

How's everyone enjoying those gaping holes where all those WaMu outlets used to be? Nothing like a good vacant storefront where once a financial outpost used to operate, right? Guess what - this may seem obvious, but one lending official says it's possible that anywhere from 25-30 other banks around town might go under pretty soon. more ›

Heritage Community Bank Fails; MB Financial to Assume Assets

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 ›

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