First Busey to expand around Chicago with acquisition


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


Illinois caps interest rates on consumer loans at 36%


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


First Mid in Illinois discloses plan to close branches


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


Maine-Illinois credit union merger could foreshadow a trend


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.


Midland States in Illinois to close 13 branches


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


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.