Inside these posts: Broadway Bank

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GOP criticizes Ill. Senate candidate for bank loan

Republicans accused Democratic Senate candidate Alexi Giannoulias of lending money to a corrupt political insider, although Giannoulias said he left his family’s bank before the loan was issued and the insider wasn’t listed on loan documents.

The Chicago Sun-Times reported Monday that Broadway Bank lent $22.75 million to a development company in 2006. One of the company’s owners was Antoin “Tony” Rezko, who was then tied up in a corruption probe that ultimately led to his conviction for shaking down people who wanted to do business with the state.

Giannoulias claims $2.7 million loss on tax forms

Democratic U.S. Senate candidate Alexi Giannoulias lost about $2.7 million last year in the collapse of his family’s Broadway Bank, according to tax returns his campaign released Friday.