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I have more than 40 years in the news business and have successfully evolved into an electronic journalist. Comings & Goings and Southland Savvy track news about businesses in Chicago's Southland.

Oak Forest's InBank fails

By Bob Bong
Southland Savvy staff

Oak Forest-based InBank, which used to advertise on its message boards that online customers could do their banking in their underwear, lost its corporate shirt Friday when Illinois bank regulators closed the bank and branches in Chicago and Tinley Park.

The FDIC later announced MB Financial had acquired the assets on InBank and would reopen the three branches Saturday morning as MB Financial branches. InBank customers will become MB Financial customers at that time.

According to the FDIC, as of Aug. 3, 2009, InBank had total assets of $212 million and total deposits of approximately $199 million.

Customers who have questions about today's transaction can call the FDIC toll-free at 1-800-640-2607. The phone number will be operational Saturday from 9 a.m. to 6 p.m., Sunday from noon to 6 p.m., and thereafter from 8 a.m. to 8 p.m.

Interested parties can also visit the FDIC's Web site.

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