QCR Holdings in Ill. to buy family of financial firms


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


MB Financial facing lawsuit over alleged overdraft abuses


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


Midland States in Illinois taps new president


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


Federal Savings denies quid pro quo with Manafort


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.


Urban Partnership seeks buyer: Report


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.


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


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


McHenry Bancorp in Ill. raises capital to meet regulatory standards


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


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


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.


Huntington puts itself on M&A sidelines


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


Tax reform, higher interest rates boost Wintrust's profit


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.