Inside these posts: Northbrook Bank

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Regulators shut down Ravenswood Bank

U.S. regulators closed Ravenswood Bank of Chicago, bringing the 2010 total of failed banks to 109.

The Illinois Department of Financial and Professional Regulation closed the bank, which had $269.5 million in total deposits, $211 million in loans and two branches. Northbrook Bank and Trust Co., based in Northbrook, Ill., and a unit of Wintrust Financial Corp., agreed to acquire $190 million of assets and $120 million of deposits, according to Wintrust and the FDIC.

The FDIC said the failure is expected to cost the agency’s deposit-insurance fund about $68.1 million.