ചിക്കാഗോ: മലയാളികളുടെ നേത്രുത്വത്തിലുള്ള ഓള്‍ അമേരിക്കന്‍ ബാങ്ക് പൂട്ടി. പകരം സംവിധാനം ഏര്‍പ്പെടുത്തിയിട്ടുണ്ട്.
ആറ്ക്കും തുകയൊന്നും നഷ്ടപ്പെടില്ല. റിയല്‍ എസ്‌ടേറ്റ് രംഗത്തെ തകര്‍ചയാണു ബാങ്കിംഗ് സ്ഥാപങ്ങളെ ദോഷമായി ബാധിച്ചത്.
ബാങ്കിന്റെ എല്ലാ ഡിപ്പോസിറ്റുകളും ഇന്റര്‍നാഷണല്‍ ബാങ്ക് ഓഫ് ചികാഗോ കൈകാര്യം ചെയ്യും

Regulators shut down All American Bank on Oct. 28.The bank was owned by Indian-American Varghese Chacko and has about $37.8 million in total assets and $33.4 million in deposits.
The bank was closed by the Illinois Department of Financial and Professional Regulation, and the Federal Deposit Insurance Corp. was named the receiver. In a press statement, the FDIC said the International Bank of Chicago would assume all the deposits of All American Bank.
The Des Plaines branch will reopen as a branch of International Bank of Chicago and depositors of All American will automatically become depositors of International Bank of Chicago.
The FDIC said it would continue to insure all deposits so there is no need for customers to change their banking relationships in order to keep their deposit insurance.
Many community banks continue to be hit hard by the sluggish economy and their expo- sure to the struggling commercial real estate market.
Most of the banks that have failed so far this year have had less than $1 billion in assets, illustrating the problems facing small banks.
FDIC officials, however, expect there to be fewer failures this year than in 2010 when 157 banks were closed.

News India Times

All American Bank in Des Plaines fails; 2011 total at 85

Regulators have closed a small bank in Illinois, raising to 85 the number of banks in the U.S. that have failed this year.

The Federal Deposit Insurance Corp. on Friday seized All American Bank of Des Plaines, with one branch, $37.8 million in assets and $33.4 million in deposits. International Bank of Chicago agreed to assume its assets and deposits.

The failure of All American Bank is expected to cost the deposit insurance fund $6.5 million

Chicago Tribune

On Friday, October 28, 2011, the Illinois Department of Financial and Professional Regulation � Division of Banking closed All American Bank, Des Plaines, Illinois. The Federal Deposit Insurance Corporation (FDIC) was then named the Receiver. No advance notice is given to the public when a financial institution is closed.

All deposit accounts, including brokered deposits, have been transferred to International Bank of Chicago, Chicago, IL. For more information on International Bank of Chicago, visit us at www.inbk.com.

The FDIC has assembled useful information regarding your relationship with All American Bank. Besides a checking account, you may have Certificates of Deposit, a business checking account, a Social Security direct deposit, and other relationships with the institution.

Please select the link below to read more about this event:

FDIC Bank Closing Information for All American Bank

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