Illinois

First American to buy Southport Financial

09/20/17

The cash acquisition allows First American to expand its operations in Kenosha, Wis.

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Associated to buy Chicago-area wealth management firm

09/11/17

Associated's agreement to buy Whitness & Co. comes just weeks after the company lined up its first bank deal since the financial crisis.

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Bankers frustrated with Chicago market take business elsewhere

08/01/17

Rising taxes, declining population and the political landscape in Illinois have led several bankers to put more money and resources into nearby states.

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Difficult deal behind it, CIBC faces even bigger challenges

06/23/17

The Canadian bank twice sweetened its bid for PrivateBancorp, raising the stakes. Now it must gain traction in the hypercompetitive Chicago market while hunting for more acquisitions.

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CIBC says $5B PrivateBank deal will fuel U.S. expansion

06/23/17

CIBC plans to spend two years focusing on internal growth at PrivateBank except for some targeted wealth management acquisitions, but ultimately capital outlays or takeovers will be necessary to meet its growth ambitions.

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Chicago-area bank's IPO sets stage for acquisitions

06/20/17

Byline Bancorp's decision to go public sends a message that it plans to dangle a more liquid stock in front of potential sellers. It also provides a way for certain shareholders to cash out.

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Chicago bank, large investors plan $120 million IPO

06/19/17

The offering would be a big milestone for Byline Bancorp, which was recapitalized in 2013 by a group led by former Banco Popular North America CEO Roberto Herencia.

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QCR to bulk up in central Iowa

06/09/17

The Illinois company agreed to pay $44 million to buy Guaranty Bank, the biggest institution based in Cedar Rapids, Iowa.

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Fayette County Bank becomes year's sixth failure

05/26/17

The bank is the second failure in Illinois so far in 2017. Seaway Bank was closed in late January.

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CIBC boosts PrivateBancorp offer, lifting cash portion by 12%

05/04/17

Canadian Imperial Bank of Commerce increased its offer for PrivateBancorp Inc. by $3 a share in cash to offset the decline in the bidder's stock price.

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