Illinois

First Busey to expand around Chicago with acquisition

01/19/21

The Illinois company will pay $191 million for the parent of Glenview State Bank.

[more]

Illinois caps interest rates on consumer loans at 36%

01/15/21

It is the 18th state to pass a law imposing rate caps on all consumer loans, including payday and car title loans.

[more]

First Mid in Illinois discloses plan to close branches

12/04/20

The company is looking to shutter 10 of its 63 branches over coming months, reflecting a shift in customer preferences.

[more]

Maine-Illinois credit union merger could foreshadow a trend

11/06/20

Infinity FCU sought out a merger partner after realizing that even at $338 million in assets it was too small to provide the technologies members wanted. It could be a harbinger of more deals among larger players.

[more]

Midland States in Illinois to close 13 branches

09/03/20

The company also plans to shed some corporate office space by the end of this year.

[more]

QCR records impairment charge tied to planned advisory group sale

05/04/20

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

[more]

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

02/24/20

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.

[more]

NBT in New York buying employee benefits firm

02/04/20

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

[more]

Wintrust lines up next-gen leadership with exec promotions

01/28/20

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

[more]

Chicago de novo bank effort cleared to raise capital

01/15/20

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

[more]