Giannoulias Family Bank Taken Over by Regulators

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eschwerin@rosemontseneca.com

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2010-04-24 03:58:43

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Devon Archer <darcher@rosemontseneca.com>

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Hunter Biden <hbiden@rosemontseneca.com>

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Giannoulias Family Bank Taken Over by
Regulators<http://politicalwire.com/archives/2010/04/23/giannoulias_family_bank_taken_over_by_regulators.html>
The Chicago Tribune<http://www.chicagobreakingbusiness.com/2010/04/regulators-enter-broadway-bank-headquarters.html>
reports
banking regulators entered the Chicago headquarters of Broadway Bank
tonight, "the apparent concluding step in the government's expected takeover
of the family-run lender that helped launched U.S. Senate candidate Alexi
Giannoulias' political career."

The FDIC estimates the cost to the Deposit Insurance Fund will be $394.3
million.
--
Eric D. Schwerin
Rosemont Seneca Partners
(202) 333-1880
eschwerin@rosemontseneca.co

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