Illinois state regulators close second bank of the year
The failure of Seaway Bank, once the nation’s biggest black-owned bank, cost the FDIC $ 57.2 million. American Banker: Feed
The failure of Seaway Bank, once the nation’s biggest black-owned bank, cost the FDIC $ 57.2 million. American Banker: Feed
Arkansas regulators have closed the $ 66.3 million-asset Allied Bank in Mulberry, the fifth institution to fail this year. American Banker
Pennsylvania state regulators on Friday closed the $ 103.3 million-asset First CornerStone Bank in King of Prussia, the third institution to fail this year. American Banker
The Wisconsin Department of Financial Institutions closed the $ 67.1 million-asset North Milwaukee State Bank on Friday. American Banker
Huntington Bancshares plans to close more than 100 branches in Ohio, Illinois, Michigan, Pennsylvania and Wisconsin after it completes its acquisition of FirstMerit. American Banker
First Midwest Bancorp in Itasca, Ill., plans to close branches and sell unwanted real estate as customers shift to online banking. American Banker
Bank of America will close a back-office facility in a Sacramento, Calif., suburb and outsource some of the office’s employees. American Banker