Harris Bank Online Banking is one of the services offered by Harris Trust Bank - Bank Harris. Others include harris bank auto loan, harris bank mortgage.U. S.Office Comptroller directs Mint Rockford, Illinois-based Amcor Bank closed on Friday night. Amcor has at least 12 bank branches in Wisconsin.
The Bank opened a branch on Saturday, Harris Bank of Chicago branch. Harris Bank Online Banking is one of the services offered by Harris Trust Bank
"FDIC efforts to contribute to greater stability of this industry is something that we support you," said Bill Downe, President and CEO of BMO Financial Group, parent of Harris Bank. "This is a strategic addition to accelerating the growth strategy we are already strong position in the Midwest. The addition of this franchise - to strengthen the quality and location of valuable customers - Support our market share and expand its existing branch network in northern Illinois community of Harris and southern Wisconsin, including Madison and Rockford , where we already have a strong presence of banking and corporate growth. "
Harris Bank acquisition of Amcor, including assumption of approximately 2.1 billion dollars in deposits, approximately $ 2,500,000,000 of assets (including approximately $ 2,000,000,000 in loans) and about 2 4 billion U.S. dollars in trust, investment and brokerage assets. All loans are covered by the agreement to share losses, the FDIC 80/20 revealed 80 percent of potential credit risk.
Harris Bank Online Banking is one of the services offered by Harris Trust Bank Northbrook Bank & Trust Company and the Wheaton Bank & Trust Company, by Wintrust Financial Corp., Lake Forest, Illinois-based parent company of Bank of cities in Wisconsin, Illinois, is one of two other banks to acquire, was closed Friday.
Northbrook Bank acquired the assets and liabilities of banks and Lincoln Park Savings Bank and Bank of Wheaton has acquired the assets and liabilities of banks and bank Wheatland.
Lincoln Park Savings Bank operates four locations in Chicago and had approximately $ 205,000,000 total assets and $ 171,000,000 in total deposits December 31, 2009.
Wheatland Bank has one location in Naperville and has approximately $ 435,000,000 $ 438,000,000 total assets and total deposits.
Banks reopened under new management on Saturday.
"This transaction is an excellent opportunity for us to expand our presence and at the same time our focus is on community banking," said Edward Wehmer, President and CEO of Wintrust. "We look forward to our new customers our commitment to personal service."
Amcor addition, Lincoln Park Savings Bank Wheatland Bank, other banks closed for the night Peotone Bank and Trust Company, New Century Bank, Citizens Bank & Trust Company of Chicago and Broadway Bank.
Combined seven bank failures will cost the Federal Deposit Insurance Fund is $ 973,900,000, according to the FDIC.
The number of bank failures in the United States for 57 years now.Harris Bank Online Banking is one of the services offered by Harris Trust Bank
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