US regulators close banks in Illinois and Maryland

Posted by 7Star Sunday, March 7, 2010

US bank regulators closed Bank of Illinois bank of Normal, Illinois and Waterfield Bank of Germantown, Maryland on Friday as deteriorating loans continued taking a toll on financial institutions. The Federal Deposit Insurance Corp (FDIC) said Bank of Illinois had $211.7 million in assets and $198.5 million in deposits.

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