A 2009 lawsuit filed against the owner of Chicago-based Park National Bank by a consortium of large banks has ended with a consent judgment requiring it to pay $264.2 million.
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Park National parent to pay $264 million
FBOP’s Michael Kelly points finger at Chase
From Crain’s Chicago Business | FBOP Corp.’s Michael Kelly has accused J.P. Morgan Chase of contributing to the collapse of his Oak Park-based company, which used to own Park National Bank and eight other U.S. lenders.
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