Inside these posts: Mitchell Saywitz

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Builders Bank parent files for Chapter 11

Crain’s Chicago Business | The parent of Builders Bank has  filed for Chapter 11 bankruptcy protection to deal with a debt load it says it cannot handle.

Note: An earlier headline incorrectly stated that Builders Bank had filed Chapter 11. It has not;  nor has CEO Mitchell Saywitz. Its parent, Builders Financial Corp., filed the petition.