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Study: Demand is strong for failed Illinois banks

By Becky Yerak |
Despite being the state with the second-highest level of bank failures
since the start of 2009, buyer demand for failed Illinois lenders has
remained strong, a new report shows.

Eighteen of the state’s 23 failures between Jan. 1, 2009, and Feb. 19,
2010, received three or more bids, SNL Financial found in a study
released Thursday.

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