The Chicago custody bank won new fund-administration business and benefited from the acquisition of a UBS asset-management unit. A one-time adjustment tied to the new tax law also provided a boost. ... Read full article
An economic correction is long overdue, the Ohio company says in explaining why now is the wrong time for long-term entanglements like mergers. ... Read full article
The Illinois company reported strong loan growth, an wider net interest margin and a one-time net tax benefit of nearly $8 million tied to recently passed tax reform. ... Read full article
The company will pay $62 million in cash for a bank with four branches and $337 million in assets. ... Read full article
Banks that have flocked to the business because of higher yields and loan diversity stand to benefit if clients use tax savings to upgrade equipment. ... Read full article
The company tapped a new president for the business, which it will also rebrand, after hiring a team from Scottrade Bank in Missouri. ... Read full article
The company will gain four Chicago-area branches as part of the $41 million all-cash acquisition for the parent of ABC Bank. ... Read full article
The $74 million acquisition will allow First Mid-Illinois to expands it operatations in the Champaign-Urbana region in Illinois. ... Read full article
The company has agreed to buy the operations of Veterans Mortgage in Salt Lake City. ... Read full article
Alpine Bancorp. in Illinois made its sale a highly inclusive process, forming a special evaluation team of senior leaders to help top management review offers. ... Read full article
The company agreed to pay $169 million for First Evanston Bancorp in Illinois. ... Read full article
Profits at the custody bank rose 16%, but it announced a new streamlining program that is expected to generate yearly savings of $250 million by 2020. ... Read full article
The Illinois company, four months removed from its last bank acquisition, just announced the biggest purchase in its history. Alpine Bancorp. will add low-cost deposits and scale to Midland States' wealth management business. ... Read full article
Frederick Waddell will retire as CEO of the Chicago custody bank at the end of 2017 but will remain chairman. ... Read full article
The cash acquisition allows First American to expand its operations in Kenosha, Wis. ... Read full article
Associated's agreement to buy Whitness & Co. comes just weeks after the company lined up its first bank deal since the financial crisis. ... Read full article
Rising taxes, declining population and the political landscape in Illinois have led several bankers to put more money and resources into nearby states. ... Read full article
The Canadian bank twice sweetened its bid for PrivateBancorp, raising the stakes. Now it must gain traction in the hypercompetitive Chicago market while hunting for more acquisitions. ... Read full article
CIBC plans to spend two years focusing on internal growth at PrivateBank except for some targeted wealth management acquisitions, but ultimately capital outlays or takeovers will be necessary to meet its growth ambitions. ... Read full article
Byline Bancorp's decision to go public sends a message that it plans to dangle a more liquid stock in front of potential sellers. It also provides a way for certain shareholders to cash out. ... Read full article
