Illinois state Sen. Peter Fitzgerald can thank banking industry consolidation for his victory in last week's U.S. Senate primary.

State Sen. Fitzgerald spent $7 million of his own money on the campaign, much of which he collected when his family sold its community bank, Suburban Bancorp, to Bank of Montreal Corp. The Canadian banking giant paid $246 million in stock for Palatine, Ill.-based Suburban in October 1994.

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