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State regulators Friday shut down Bank of Lincolnwood of Lincolnwood, Ill., bringing to 37 the total number of U.S. banks and savings and loans that have failed during 2009.
The regulators appointed the Federal Deposit Insurance Corp. receiver, and the FDIC arranged for Republic Bank of Chicago, of Oak Brook, Ill. to take over all of the failed institution's deposits.
Bank of Lincolnwood's two offices were set to reopen Saturday morning as branches of Republic Bank of Chicago. ...
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