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American Enterprise Bank told to raise capital

By Becky Yerak |
Federal and state banking regulators are ordering Buffalo Grove-based
American Enterprise Bank to raise at least $6 million in additional
capital, to hire a consult to assess its management, and to add two
independent directors to its board, among other things.

The consent order between the $350.3 million-asset bank, the Federal
Deposit Insurance Corp., and the Illinois Department of Financial and
Professional Regulation was issued Feb. 24 and released Friday.

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