Head of seized Founders Bank seeks to save three remaining institutions
July 23, 2009
By MoneyAisle
An article in the Chicago Tribune reports that Lyle Campbell, the head of Founders Bank, is trying to come up with enough capital so that his three remaining financial institutions will not end up the same way as his six banks that were recently closed.
“The three banks that are still part of the Campbell family business are Peotone Bank & Trust Co., with $150.6 million in assets; First National Bank of Gilman, with $44 million in assets; and Scottsdale, Ariz.-based Legacy Bank, which has $223.2 million in assets and caters to the wealthy.”
In a statement, Campbell said that he is confident that the three banks would be able to raise enough capital to survive the economic crisis.