by Calculated Risk on 10/30/2009 07:54:00 PM

While we wait for the FDIC ... it could get real busy ...

From the Chicago Tribune: U.S. set to seize FBOP, congressmen say (ht Josh)

Federal regulators are expected to seize Friday night the banks owned by Oak Park-based FBOP Corp., the troubled owner of Park National Bank of Chicago and eight other U.S. banks, people familiar with the situation say.

A takeover would occur even after several U.S. Congressman from the Illinois area, including Reps. Bobby Rush and Danny Davis and Sen. Roland Burris, called the FDIC asking it to hold off on closing the bank for at least a week, said Marilyn Katz, a spokeswoman for the bank.

And another report in California: Pacific National Bank Going to FDIC (ht Vladimir)

San Francisco-based Pacific National Bank is being eyeballed for takeover by federal authorities, according to several sources in the Silicon Valley and San Francisco commercial real estate industry. ... The Federal Deposit Insurance Corp. was expected to take control as early as this afternoon. ... The bank ... reported assets of $2.1 billion