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chris_gerrib ([personal profile] chris_gerrib) wrote2010-04-23 06:17 pm
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Entry tags:
  • bank failure,
  • travel

If It's Friday...

Citizens Bank&Trust Company of Chicago, Chicago, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation — Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Republic Bank of Chicago, Oak Brook, Illinois, to assume all of the deposits of Citizens Bank&Trust Company of Chicago.

Now you know what my "minor crisis at work" was. Yes, I'm still in Las Vegas - I fly out tomorrow.

Laptops and cell phones are wonderful things.

ETA I work at Republic Bank of Chicago - the acquiring institution. This is good news for me - more work and job security.

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[identity profile] chris-gerrib.livejournal.com 2010-04-25 12:09 am (UTC)(link)
Taking over failed banks is getting to be old hat - this is #3
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