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Over a third of Chicago's national banks still have issues

from Crain's Chicago Business

The Chicago area's community banks are slowly healing from the Great Recession, but more than 1 in 3 with national charters still aren't healthy by the standards of federal regulators. Eighteen of 50 local banks regulated by the U.S. Office of the Comptroller of the Currency were low-rated, meaning that their condition isn't strong enough to permit them, for example, to buy other banks. A few of those are likely to fail, OCC officials said in a recent briefing. more


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