Citizens Bank

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Citizens Bank & Trust execs sued over non-payment

The brothers who helped run failed Citizens Bank & Trust Co. of Chicago are being sued in Cook County Circuit Court over an alleged non-payment of almost $1.6 million.

Delta Trading Co. of Chicago is suing Robert and George Michael for breach of contract.

It said that in January 2007, the brothers borrowed nearly $1.6 million from Marshall & Ilsley Bank. In June 2010, M&I assigned its rights under the note to Delta. Get the full story »