First Chicago Bank & Trust, which has been operating under regulatory scrutiny for more than a year, is “significantly undercapitalized” and has until early June to raise enough money to be considered “adequately capitalized,” according to an April 7 agreement between the Federal Reserve and the $1.02 billion-asset institution. Get the full story »
First Chicago Bank & Trust
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Mutual fund firm to boost Chicago stake
Franklin Resources Inc., parent of Franklin Templeton Investments, is in talks to boost its stake in First Chicago Bancorp, which owns $1.08 billion-asset First Chicago Bank & Trust, to 19 percent, according to documents filed with the Federal Reserve Bank of San Francisco. Get the full story »
