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Albank


Albany Bank and Trust Company, N.A. is a $515,000,000 commercial bank located on the north side of Chicago and in the near north suburbs. Albany Bank is oriented to business owners, real estate operators/developers, professionals and others who understand the benefits that flow from developing a personal relationship with a mid-sized business bank. At a time when many locally owned financial institutions are merging into enormous, highly impersonal multinational banks, we offer an intelligent alternative for those who desire personal attention, quick service and access to decision makers. To put it in a familiar perspective, while we all go to fast food or chain restaurants for a quick meal, when we want a truly satisfying dining experience most of us choose a place where the owner knows us, is familiar with our needs, and can offer thoughtful recommendations and advice. Albany Bank offers you a similar choice in handling your banking requirements.

Founded in 1953, Albany Bank has grown steadily into one of the top rated banks in the United States. The bank's strong financial condition provides an additional measure of security to our depositors and also allows the bank to focus on its most important mission: serving the diverse financial needs of our customers. To meet those needs, we offer an extremely wide array of financial services. Those services can be delivered by phone, fax, computer, mail or at one of our four full service locations. Perhaps most important, those services are delivered by well-trained professionals who share the common goal of providing value to each of our customers. Over fifty years of experience have taught us that the more successful our customers are, the more successful the bank becomes. We make it our business to help you achieve your financial goals.

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Web:www.albank.com
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Financial & Banking News


Financial & Banking News


Credit Suisse launches global credit business - 13.03.2008
Credit Suisse has combined its leveraged finance and investment grade businesses under a new group called the global credit business unit as part of its plan to align businesses across its global securities division.
Citigroup revamps mortgage business - 07.03.2008
Citigroup Inc. is cutting residential mortgage assets by $45bn and costs by $200m at the same time that Merrill Lynch discontinues origination at First Franklin, a sub-prime mortgage company the bank bought two years ago.
Ultra-rich Middle East investors target Russia - 06.03.2008
Russian hedge fund Pharos Financial claims it will raise more than $1bn from investors in the United Arab Emirates, Saudi Arabia and the other Gulf states.
Societe Generale fights back with internal "hackers" - 19.02.2008
Societe Generale is setting up an internal team of "hackers" to stress-test its information technology and risk management systems as part of a €50m bank-wide initiative to tighten its risk controls after falling victim to a trading scandal.
Mainland banks boost assets 20 percent - 14.02.2008
Mainland banks increased their overall assets by 20 percent last year with midsized joint-stock institutions leading the sector, according to China Banking Regulatory Commission data released yesterday.
Goldman bolsters MoneyGram bailout - 13.02.2008
Goldman Sachs is providing $500m in debt to troubled US payments company MoneyGram International as the investment bank raises the largest mezzanine fund to date and demand grows for this type of financing.


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