Castle Creek to Increase Stake in First Chicago?

Castle Creek Capital is reportedly hoping to increase its stake in First Chicago Bank by another 38.4%. The firm currently holds a 46.6% interest in the struggling commercial bank. Last month, First Chicago was considering another stock offering to raise the capital needed to appease regulators, who have demanded that the bank strengthen its capital levels. Castle Creek first acquired a stake in First Chicago for $53.5 million in 2006.