Illinois

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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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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