QCR records impairment charge tied to planned advisory group sale


The Illinois company will sell Bates Cos. to an undisclosed buyer less than two years after buying the wealth management firm.


State privacy bills try to cut banks a break, but not completely


Recent proposals considered or passed by legislatures around the country grant banks certain exemptions, but they differ from state to state and may pose new compliance headaches.


NBT in New York buying employee benefits firm


The company agreed to acquire Alliance Benefit Group of Illinois, which has more than 600 clients and 40,000 plan participants.


Wintrust lines up next-gen leadership with exec promotions


Timothy Crane is set to succeed Ed Wehmer as president, though Wehmer will remain the Illinois company's CEO.


Chicago de novo bank effort cleared to raise capital


Organizers of First Women's Bank have also filled two key executive posts.


Midwest banks resist urge to loosen lending standards


Even in the face of soft loan demand, banks in the region have held firm on terms. That should position them well for the next economic downturn.


6 takeaways from bank M&A in 2019


Though there were several high-profile mergers of equals among bigger banks, deal activity rose only slightly, and the vast majority of transactions involved the smallest of institutions. Here's an overview of those trends and others that stood out in bank dealmaking last year.


Iowa credit union to enter Illinois through bank acquisition


Collins Community Credit Union has agreed to buy First Savanna Savings Bank.


Central Illinois community banks agree to merge


Tri County Financial will pay an undisclosed amount for H.F. Gehant Bancorp.


HBT Financial in Illinois plans IPO


The company could raise as much as $158 million by selling shares to the public.