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Bank a Big Player in Emerald Deal

26 May 2003

ILLINOIS – As reported by the Chicago Tribune: "State gambling regulators were surprised recently when a federal subpoena revealed that a Harwood Heights bank executive held a hidden interest in the Emerald Casino, but interviews and public records show myriad ties between his bank and key players in the troubled casino project.

The relationships woven between some of the bank's officers, casino backers and officials in Rosemont where the riverboat was to open are part of the fabric of clout and influence that gave the Emerald license its initial appeal, but ultimately led to its undoing.

Rocco Suspenzi, chairman of Parkway Bank & Trust, says his investment in Emerald was a private matter that did not involve the bank.

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