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The largest deal for a privately held local bank in nearly five years is brewing. The parent of Lombard-based West Suburban Bank, the second-largest privately owned bank in the area, is seeking a buyer, according to multiple sources. more At nearly $3 billion in assets and with more than 40 branches sprinkled throughout the western suburbs, the bank could fetch $360 million or more. That would amount to about 1.5 times its book value at the end of the first quarter. West Suburban is one of a dwindling breed on the Chicago banking scene a privately held bank large enough to provide a meaningful market share boost to a buyer or serve as a platform for an out-of-town player seeking to break into the market. Observers say the banks interested in West Suburban appear to be mainly those already here that are looking to add on, particularly in DuPage County. As of June 30, West Suburban was the eighth-largest bank by deposits in DuPage, with $1.9 billion, or nearly 4 perc ....