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Troubled Bank Closing Branch In Ransom

Posted by wlpo on December 8, 2009

Less than a week after MB Financial Bank in Chicago took over the failed Benchmark Bank locations in five towns, they’re closing three of them.

MB officials announced yesterday they will close the former Benchmark Bank in Ransom and consolidate it into a branch in Seneca.  A bank in Verona is also being combined with the Seneca office.  The other branch closing is in Aurora.

Back in March, the FDIC reported Benchmark Bank had a net operating income of negative 799 thousand dollars.  The bank was then put on a watch list.  The feds came in and closed the Benchmark Bank locations Friday but MB Financial then took over the assets and reopened the branches Saturday.

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