Highland Community Bank, IL, Second Bank Failure of 2015

The second bank failure of the year occurred in Illinois when state regulators closed Highland Community Bank, Chicago, IL.  During 2014 Illinois had five banking failures, the most of any state. After closing Highland Community Bank, state regulators appointed the FDIC as  receiver.  To protect depositors the FDIC sold the failed bank to United Fidelity […]

FDIC Directs Two Illinois Banks To Immediately Raise More Capital – Illinois Leads Nation in Bank Failures

The FDIC issued a list of 31 administrative enforcement actions taken against banks and individuals during April 2014.  The enforcement actions include the following: 2 consent orders 2 prompt corrective action directives 12 orders terminating consent and cease and desist orders 1 civil money penalty 3 section 19 orders The most serious enforcement actions are […]