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Chicago holding company shutters nine banks.

Publication: Daily Herald (Arlington Heights, IL)
Publication Date: 31-OCT-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Chicago holding company shutters nine banks.(Business)

Article Excerpt
Byline: Associated Press

NEW YORK u Regulators shut nine banks Friday, including Los Angeles-based California National, as the still-weak economy produces a stream of loan defaults.

The banks were units of privately held FBOP Corp., a Chicago-based bank holding company.

The Federal Deposit Insurance Corp. said U.S. Bank in...



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