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FDIC audit explains why two Illinois banks failed

By Becky Yerak | A federal autopsy into the recent failures of Worth-based Founders Bank and Oregon, Ill.-based Rock River Bank found that bad investments in collateralized debt obligations, as well as deterioration in their commercial real estate portfolios, doomed the lender.

Both banks were among nine institutions owned by the Lyle Campbell
family. Founders, Rock River and four other Campbell banks were seized
by regulators on July 2.

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