Illinois

Illinois credit union buying Ben Franklin Financial

07/17/19

The former mutual, which had faced pressure from an activist investor, agreed to be sold to Corporate America Family Credit Union.

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Latest credit union deal to buy bank adds fuel to simmering policy fight

06/18/19

A Wisconsin credit union's agreement to acquire a small Chicago bank, the eighth credit union-bank deal this year, led bankers to once again call for policymakers to slow the trend. A credit union trade group complained that banks are trying to stifle competition.

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Wintrust expands in western Chicago suburbs with STC acquisition

06/05/19

The company will pick up five branches as part of the $48 million deal.

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Indictment of Manafort's banker reveals new details of loan scheme

05/23/19

Most notably, the charges indicate that Stephen Calk lied to banking regulators about what he knew when he approved loans to Paul Manafort, as well as about his interest in landing a job in the Trump administration. He faces one count of financial institution bribery.

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It was a slow month for M&A until ...

05/08/19

Consolidation activity was ho-hum for most of April before a burst of transactions — and notable ones at that — were announced in the month's final week.

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First Bank in Missouri taps insider as next CEO

05/01/19

Shelley Seifert had been the bank's chief operating officer.

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Midland States expands south of Chicago with HomeStar purchase

04/02/19

The Illinois company will pay about $10 million, and redeem $23.5 million in trust-preferred stock, as part of the deal.

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Two more bank M&A advisers to merge

03/26/19

The deal between Performance Trust and Banks Street Partners is the second combination this month of investment banks that cater to commercial banks.

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Harrison Steans remembered for decades of leadership in Chicago banking

02/28/19

Steans, a former LaSalle Bank chairman who also led the financial crisis recapitalization that saved Taylor Capital, died on Tuesday. He was 83.

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Wintrust plays small ball with Oak Bank acquisition

02/20/19

The Illinois company will pay $46 million for a bank that is a fraction of its size.

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