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Appraisal Police
Cherry Bomb


Joined: 08 Jun 2007
Posts: 101

Strategic Capital Bank
PostPosted: Sat May 23, 2009 12:02 am Reply with quoteBack to top

Failed...

http://www.chicagobusiness.com.....p;seenIt=1

Quote:
(Crain’s) — Strategic Capital Bank in Champaign on Friday became the fourth financial institution in the state to fail.

The bank was closed by the Illinois Department of Financial and Professional Regulation. The Federal Deposit Insurance Corp. was appointed as receiver.

Midland States Bank of Effingham will assume all the deposits of Strategic Capital Bank. Strategic will reopen Tuesday as a branch of Midland States Bank.

Customers of both banks should continue to use existing branches until Midland States Bank can integrate deposit records of Strategic Capital Bank, the FDIC said in a statement.

Strategic is the 35th bank failure in the nation.
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Appraisal Police
Cherry Bomb


Joined: 08 Jun 2007
Posts: 101

Re: Strategic Capital Bank
PostPosted: Sat May 23, 2009 1:08 am Reply with quoteBack to top

Second Illinois Bank Is Closed By Regulators

http://www.foxbusiness.com/sto.....egulators/

Quote:
SAN FRANCISCO -- Macomb, Ill.-based Citizens National Bank was closed by regulators, the 36th bank failure of the year and the second Illinois closure announced on Friday, according to the the Federal Deposit Insurance Corp. Morton, Ill.-based Morton Community Bank has agreed to assume the failed bank's deposits, the FDIC said. Citizens National had roughly $400 million in deposits as of May 13, and $437 million in assets, the FDIC said.
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mahalo guy
Demolition Man


Joined: 28 Jun 2008
Posts: 2082
Location: Honolulu

Re: Strategic Capital Bank
PostPosted: Sat May 23, 2009 4:06 am Reply with quoteBack to top

Does anyone know if these, or other recent banks that failed, received a Cease and Desist Order before they were shut down?

I am researching a bank that just got a C&D, and I'm wondering how serious it is.

tia
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Re: Strategic Capital Bank
PostPosted: Mon Feb 22, 2010 9:17 am Reply with quoteBack to top

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