Ravenswood is Nevermore

After 2 months without a bankruptcy in Illinois, Ravenswood Bank of Chicago, IL closed today with approximately $264.6 million in total assets and $269.5 million in total deposits was closed. Ravenswood is the 109th bank to be shutdown this year. Ravenswood was ranked 11th on the list (18th overall) so it should come as little surprise to readers. Northbrook Bank and Trust Company of Northbrook, IL (1394th) has agreed to assume all deposits, excluding certain brokered deposits.