Illinois

Acquisition of UBS unit, foreign exchange propel Northern Trust

07/18/18

The big custody bank's fees surged on new business gained from its deal for UBS business units in Europe.

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Big test for ag lenders: Helping farmers weather trade war

07/11/18

Banks are adjusting loan terms, making use of federal loan guarantees and working with farmers to find new markets, all in an effort to mitigate the damage from a likely drop in soybean exports.

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Manafort mortgage bought bank CEO spot as Trump adviser: prosecutors

07/07/18

A new court filing suggests that Stephen Calk was named to a 13-member economic advisory team in 2016 in exchange for approving a $9.5 million loan to former campaign manager Paul Manafort.

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Debt-collection fix aimed at new target: Local government

07/05/18

Consumer advocates are urging local governments and courts to consider a person’s ability to pay before assessing fines and fees for such infractions as unpaid traffic tickets. Such changes could help low-income households avoid bankruptcy — and perhaps even make them more bankable.

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Bank of Montreal and CIBC square off in Chicago

06/28/18

There's a battle being waged by Bank of Montreal and its smaller rival, Canadian Imperial Bank of Commerce, as they compete against JP Morgan Chase and almost 200 other lenders in so-called "Chicagoland" — one of the toughest banking markets in the U.S.

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How Fifth Third charmed its way into the biggest bank deal in years

06/22/18

Holding multiple face-to-face meetings with executives from MB Financial helped Fifth Third land the Chicago company for a lower price than another suitor offered.

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Merchants Bancorp acquiring deposit-rich bank in Illinois

06/14/18

The Indiana bank would add nearly $100 million in deposits with its purchase of FM Bancorp.

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First Mid-Illinois to boost fee income with SCB Bancorp acquisition

06/12/18

Nearly a third of the company's revenue will come from noninterest income after it buys SCB, which owns a large insurance and farmland management business.

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Acquisition to further expand First Midwest's reach in Chicago suburbs

06/07/18

First Midwest Bancorp has agreed to buy Northern States Financial in Waukegan, Ill., for $91 million.

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Virginia bank winding down mortgage unit after striking deal with Chicago thrift

05/23/18

Union Bankshares has reached an agreement under which Federal Savings Bank will originate mortgages in its branches.

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