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Just One Bank In Chicago Closed On Aug. 6

Only one bank was seized by regulators on Friday, pushing the total number of failed banks to 109 for the year.

The Federal Deposit Insurance Corp. and Illiniois Department of Financial and Professional Regulation closed Ravenswood Bank in Chicago.

Its deposits were transferred to Northbrook Bank and Trust Co., based in Northbrook, Ill., and all Ravenswood branches have been reopened under Northbrook management.

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