Giannoulias Campaign Releases Ad About Failed Bank

(AP) -- Illinois Treasurer Alexi Giannoulias has released his first TV ad of the general election campaign.

The ad out today comes as Giannoulias tries to contain the political fallout from the collapse of his family's bank as he makes his bid for President Barack Obama's old Senate seat.

In the 60-second spot, Giannoulias talks directly to voters about the bank where he was a loan officer before being elected in 2006. The Democrat says the bank was in good shape when he left it.

Regulators shut down Broadway Bank on Friday after giving Giannoulias' family about 90 days to raise $85 million. Giannoulias has been dogged by questions about the bank, including revelations that it loaned $20 million to two convicted felons.

The campaign says the commercial will run in markets statewide.


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