Illinois

Midland States in Illinois taps new president

03/08/18

The move provides a strong hint of the long-term succession plan spearheaded by CEO Leon Holschbach

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Federal Savings denies quid pro quo with Manafort

02/21/18

The Chicago bank is denying a report that its CEO, Steve Calk, made $16 million in mortgage loans to former Trump campaign chairman Paul Manafort in exchange for a job in the White House.

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Urban Partnership seeks buyer: Report

02/15/18

The Chicago institution, formed in 2010 to buy the failed ShoreBank, has hired Sandler O'Neill to gauge interest from potential buyers, according to a published report.

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BMO Harris names Canadian exec to lead U.S. personal, business banking

02/15/18

Erminia Johannson's promotion is part of an effort by BMO Financial to generate more revenue from its U.S. operations.

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McHenry Bancorp in Ill. raises capital to meet regulatory standards

01/31/18

The company, which raised $23 million through a private placement, had a 6.97% total capital ratio at Dec. 31.

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New asset deals, M&A drive 14% gain in fee income at Northern Trust

01/24/18

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.

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Huntington puts itself on M&A sidelines

01/23/18

An economic correction is long overdue, the Ohio company says in explaining why now is the wrong time for long-term entanglements like mergers.

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Tax reform, higher interest rates boost Wintrust's profit

01/22/18

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.

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CNB Bank Shares adds scale in central Illinois with Jacksonville Savings deal

01/18/18

The company will pay $62 million in cash for a bank with four branches and $337 million in assets.

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Equipment lending could take off under new tax structure

01/10/18

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.

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