FDIC Reported to be Seeking Bids for Several Chicago Banks

According to the Chicago Tribune

The Federal Deposit Insurance Corp. is putting at least a half-dozen struggling Chicago-area banks out for bid to healthy institutions that might want to buy their deposits and assets.

Several banks were mentioned in the article including Amcore Bank, Broadway Bank and Lincoln Park Savings Bank.

No banks failed in Illinois yesterday. Three failed in other parts of the country on Friday, and one failed in New York City on Thursday (see my bank failure review).