With the shutdown of Ravenswood Bank, it appears more financial jobs in Chicago were eliminated.
The Chicago-based lender was just acquired by Northbrook Bank and Trust. According to a statement posted on the FDIC website, the Ravenswood aquisition was worth about $270 million in deposits and two branches.
Ravenswood was shown to be the 13th Illinois bank shut down this year. The FDIC included 775 banks with $431 billion in assets on the confidential list of problem lenders as of March 31, an increase from 702 banks with $402.8 billion at the end of the fourth quarter.