[3] With all of its ten branches located in Chicago's western suburbs,[4] the bank invested approximately one-third of its assets in commercial real estate.
[7] An Oak Park-based consultant to community banks at the time told Crain’s Chicago Business that “You don't want outliers with regard to financial institutions.
[16] In October, the Illinois Securities Department issued a subpoena regarding Inland Bank’s transactions with Inland American Real Estate Investment Trust (now InvenTrust Properties), with the possibility that investors in InvenTrust covered losses incurred by the bank as a result of a usual loss-sharing agreement.
[14] In February 2017, Thomas Marvinac was appointed executive vice president and chief credit officer.
[19] The owners of College Savings account filed a $12 million lawsuit against Inland, claiming it withheld information.