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Illinois leads nation in 2014 bank failures

Illinois leads nation in 2014 bank failures

Nearly a third of the nation's bank failures so far this year — five out of a total of 16 — have occurred in Illinois.

The state also has another unwelcome distinction: The two biggest bank collapses so far in 2014 also have been Illinois institutions, according to SNL Financial.

The most recent downfall of an Illinois lender occurred Friday when National Republic Bank of Chicago was seized by the government.

It had $954 million in assets, making it the nation's biggest failure so far this year. The last bank at least that size to fail was a Texas institution in September 2013.

The second-biggest 2014 failure year to date, according to SNL...