Illinois

FDIC to Lose $83 Million on Failed Bank 

As some of the nation’s largest banks rush to meet a deadline today to turn in sufficient capital-raising plans for the government’s stress tests and others await regulators’ permission to repay capital to the US Treasury Department, another failed community bank finds its operations spun off through receivership. After taking a week off, the Federal Deposit Insurance Corp. (FDIC) on Friday saw another bank failure hit its deposit insurance fund, putting $214m in total assets on the line for sale or disposition.