to the federal Deposit Insurance Fund. Loans made by Broadway Bank Broadway Bank made real estate development loans to Tony Rezko, a political fundraiser and real estate developer who was later convicted of fraud and money laundering. Broadway Bank made these loans before Rezko was investigated, indicted, or convicted for any crimes, but not before the criminal conduct took place. Before his conviction, Rezko also received loans from other Chicago banks, including Bank of Chicago, First Bank and Trust of Illinois, GE Capital, Harris Trust and Savings, LaSalle Bank, and Manufacturers Bank. Giannoulias himself did not make the Rezko loans. Rezko defaulted on loans made by Broadway, and, in 2006 Broadway was the first bank to foreclose on one of Rezko's delinquent loans, forcing him to declare bankruptcy. Broadway Bank also refused to cover nine bad checks written by Rezko for a total of $450,000 in early 2008 Giannoulias never accepted campaign contributions from Rezko. Broadway Bank also loaned money for real estate developments to Michael Giorango, who has been convicted for prostitution and bookmaking. Giannoulias has stated that he was not part of the loan committee that approved the loans to Giorango. 2010 U.S. Senate campaign Giannoulias ran against Republican nominee Mark Kirk, Green Party nominee LeAlan Jones, and Libertarian nominee Mike Labno. As a candidate, Giannoulias pledged to create a "Senate Progressive Caucus", akin to the Congressional Progressive Caucus (CPC) in the House of Representatives. On March 2, 2009, Giannoulias stated on CNBC that he was forming an exploratory committee in order to assess a potential candidacy for the US Senate in 2010. On July 26, 2009, he officially announced his candidacy for the United States Senate at the Hilton Chicago, the same place then-Senator Barack Obama endorsed Giannoulias for State Treasurer in 2006. He was introduced to the crowd by Congressman Bill Foster. He lost to Republican Congressman Mark Kirk. Giannoulias was elected the Democratic nominee for US Senate in Illinois in the February 2, 2010, primary, with 39.0% of the vote. David H. Hoffman received 33.8% and Cheryle Jackson received 19.7%. Endorsements Giannoulias was endorsed by Planned Parenthood, the Service Employees International Union (SEIU), AFSCME, the AFL–CIO, the League of Conservation Voters, the Human Rights Campaign, the Chicago Sun-Times, and the Sierra Club (Planned Parenthood, the League of Conservation Voters, and the Human Rights Campaign had all supported Congressman Kirk in previous races). On May 28,