By Becky Yerak
| Illinois had 16 undercapitalized banks as of December 31, ranging from
$3.77 billion-asset Amcore Bank of Rockford to $77 million-asset
Citizens Bank & Trust of Chicago, according to a recently released
report.

TheStreet.com, which tracks bank results, said the number of
undercapitalized U.S. banks rose to 146 as of Dec. 31, up from 116 in
the previous quarter.

Illinois is among four states with the highest number of undercapitalized institutions, TheStreet.com said. Other states are Georgia, Florida and California.

The 14 other undercapitalized Illinois banks were: Midwest Bank, Melrose Park, $3.43 billion in assets; Broadway Bank, Chicago, $1.15 billion; New Century Bank, Chicago, $510 million; Palos Bank & Trust, Palos Heights, $497 million; Wheatland Bank, Naperville, $437 million; George Washington Savings Bank, Orland Park, $413 million; Ravenswood Bank, Chicago, $313 million; Bank of Illinois, Normal, $212 million; Bank of Commerce, Wood Dale, $210 million; Lincoln Park Savings Bank, Chicago, $205 million; Baytree National Bank, Lake Forest, $203 million; First Suburban National Bank, Maywood, $171 million; Valley Community Bank, St. Charles, $156 million; and Peotone Bank & Trust, Peotone, $136 million.

Wheatland has fallen to negative equity levels.

Both George Washington and Bank of Illinois have since failed. Baytree was acquired by an investor group in January.

To see the revised list of undercapitalized banks as of Dec. 31 compiled
by TheStreet.com, click here.