Report: Chinatown bank denies closure rumors

September 23, 2011 5:50:07 AM PDT
Executives at Chinatown's Pacific Global Bank are denying rumors that the bank is about to close.

The Chicago Sun-Times reports customers have been flocking to the bank this week because of the rumors.

Pacific Global Bank entered into agreement in June with federal and state regulators that require it to submit plans for maintaining capital and minimizing losses to improve the bank's overall condition.

Executives say the bank has not lost any customers because of the rumors.

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