Illinois

First Midwest shuttering branches, cutting jobs in efficiency effort

05/21/18

The Chicago company will close 19 branches and eliminate 150 jobs, partially reflecting changing customer preferences.

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Does Fifth Third's merger math add up?

05/21/18

The high multiple Fifth Third is paying for MB Financial raises questions about whether it can cut enough costs, realize enough growth and win over skeptical investors.

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Fifth Third makes major return to bank M&A

05/21/18

The company has agreed to pay nearly $5 billion for MB Financial in a deal that will provide immediate scale in Chicago.

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Wintrust plays small ball with Chicago bank acquisition

05/02/18

The serial acquirer is buying Delaware Place Bank, which is less than 1% of its size.

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Fintech needs more regulatory 'sandboxes'

04/26/18

Although there's often a tension between regulation and innovation, the sandbox concept can help startups, regulators and incumbent banks better navigate experimental financial technologies.

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When ‘as is’ won’t cut it: Cleaning house to get a bank deal done

04/20/18

First Personal Bank in Illinois tried — and failed — to sell itself three times. The bank finally found an eager buyer after tackling several lingering problems.

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QCR to enter Springfield, Mo., with bank acquisition

04/18/18

The Illinois company has agreed to buy Springfield Bancshares for $87 million.

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Northern Trust adds to assets under management and custody, raising 1Q profit

04/17/18

The Chicago custody bank also benefited from a recent acquisition of a UBS business in Europe and the lower federal income tax rate.

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QCR Holdings in Ill. to buy family of financial firms

03/20/18

The $6 million acquisition will add four businesses with a total of $700 million in assets under management.

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MB Financial facing lawsuit over alleged overdraft abuses

03/14/18

A customer is claiming that the Chicago bank operates a "predatory" overdraft fee program.

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