* It’s not on the FDIC’s list as of 3:26 pm, but NBC5 is reporting that the end is coming at 5 o’clock…
A worker at the main Broadway Bank on Broadway and Granville says “it’s over.”
The bank is open now — but the worker says at close of business they’ve been told “that’s it.”
One worker walked out of the building with a box of belongings.
Black curtains have been put up today. You can’t see in.
*** UPDATE 1 *** ABC7 is now reporting the same thing…
After 30 years in business Broadway Bank’s employees are telling customers it’s the end of the line.
“They said it would no longer be Broadway Bank on Monday but our funds are safe under the FDIC,” said Bob Kitsos, Broadway Bank customer.
As is CBS2…
CBS 2’s Suzanne Le Mignot reports customers are being told Broadway Bank will close after 6 p.m. Friday and will re-open Saturday under a new name. It was not immediately clear if another bank is in line to take control of the bank right away. […]
Sources tell CBS 2 the FDIC will shut down several Chicago banks Friday afternoon.
*** UPDATE 2 *** It looks like the White House got the message that Dick Durbin was trying to send: Get off the dime and start helping Giannoulias…
Obama’s deputy press secretary says the president intends to help Democratic candidates in Illinois “up and down the ballot.” […]
Durbin said Friday that the White House inquired about the state of Giannoulias’ campaign, asking about organization and fundraising. Durbin also defended Giannoulias and says he believes he can win the race against Rep. Mark Kirk.
*** UPDATE 3 *** It’s over…
Banking regulators entered the Chicago headquarters of Broadway Bank after 5 p.m. Friday, the apparent concluding step in the government’s expected takeover of the family-run lender that helped launched U.S. Senate candidate Alexi Giannoulias’ political career.
Two sources with knowledge of the bank’s situation said they anticipated that the government would seize Broadway Bank later this evening. Broadway was unable to raise the $85 million it needed to remain independent.