Monday, March 12, 2012

13th Bank Closed By FDIC In 2012

http://www.chicagotribune.com/business/breaking/chi-regulators-close-chicagos-new-city-bank-20120309,0,7463900.story

As you can see from their website, they are cooked...

The bitch is (because they couldn't find a buyer), anyone with more that $100K in accounts there screwed.  The FDIC insurance covers only $100k.  I do wonder who got rich over the whole collapse?

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