The Federal Deposit Insurance Corp. has accused 18 former officers and directors of  the parent company of Midwest Bank with reckless practices that led to the Chicago-area bank's failure during the financial crisis.

The onetime executives of Midwest Banc Holdings in Melrose Park, Ill., disregarded guidelines imposed by regulators and loaned a combined $100 million to six borrowers without sufficiently assessing their ability to repay the loans, the FDIC said in a lawsuit filed Tuesday in U.S. District Court in Chicago.

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