First National Bank of Chicago
Aug 21, 2010 00:12 EDT
Big Chicago-based community bank, 7 others shut down; 118 total US bank failures in 2010. Regulators on Friday shut down a big community bank based in Chicago that has been known for its social activism but racked by financial troubles in recent months. A consortium funded by several of the biggest U.S. financial firms is buying its assets and pledging to operate the new bank by the same principles.