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Community banks prosper in hard economic times.

Publication: Daily Herald (Arlington Heights, IL)
Publication Date: 30-NOV-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Community banks prosper in hard economic times.(Reflejos)

Article Excerpt
Byline: Anna Marie Kukec For Reflejos

First Community Bank in Naperville opened a few months ago in an unlikely spot: a storefront in a strip mall anchored by Starbucks and shadowed by Costco.

The newbie is backed by 18 suburban businessmen who put up roughly $200,000 each u despite a horrible economy and a pressing financial nightmare.

In fact, the Naperville bank is now 50 percent ahead of its deposit projections, said First Community President J. Patrick Benton, a former Harris Bank executive.

"You can drive up and down 75th Street and see any number of banks here," Benton said. "But at this bank, you can say aeIAEm a shareholderAE and have an allegiance to the community. If you come in here, we know your name."

AztecAmerica Bank, which has two branches in Berwyn and Chicago, is actively looking at expanding into areas like Aurora, Elgin, Melrose Park and Waukegan, said AztecAmerica Chairman and CEO Carlos Montoya.

Chartered in 2005 and owned by 75 shareholders, both...

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