State Coverage: Illinois

Branch Deal Would Broaden Town and Country's Reach in Illinois

A unit of Town and Country Financial Corp. in Springfield, Ill., has agreed to buy a branch in Quincy, Ill., from Associated Banc-Corp.

MB Financial Produces Another Profit as Credit Improves

MB Financial Inc.'s fourth-quarter results fell shy of Wall Street's expectations, but things are still looking up for the Chicago company.

Loan Growth Prompts Earnings Upgrades for PrivateBancorp in Chicago

After spending much of 2011 watching its loans shrink, PrivateBancorp Inc. in Chicago increased its loans by nearly 4% during the fourth quarter. That boost was enough to lift analysts' confidence and estimates.

Bank of the James in Virginia Joins Nasdaq Exchange

Bank of the James Financial Group Inc. in Lynchburg, Va., said that its common stock began trading on the Nasdaq Capital Market exchange on Wednesday.

First Midwest in Illinois Makes Profit as It Exits Tarp

First Midwest Bancorp Inc. in Itasca, Ill., swung to a profit in the fourth-quarter, after losing more than $30 million a year earlier.

Jacksonville Bancorp's 2011 Profit Jumps 59%

Improving credit quality and continued low funding costs lifted Jacksonville Bancorp Inc.'s fourth-quarter profit 5% from the same period in 2010, to $774,000.

Embattled Leaders Bank Seeks to Restructure its Bank Loans

A troubled Chicago-area community bank that just received a large capital infusion from its owners is now negotiating to restructure its loan with Cole Taylor Bank as it aims to rebuild its capital reserves.

FDIC Tells Seven Community Banks to Boost Capital Ratios

The Federal Deposit Insurance Corp. has ordered seven ailing community banks to raise fresh capital and directed three others with elevated loan losses to submit written plans for raising capital should credit quality weaken further.

First Midwest Buys Back TARP Warrant

First Midwest Bancorp Inc. in Itasca, Ill., said Thursday that it paid $900,000 to repurchase a warrant it had issued to the Treasury Department as part of its participation in the Troubled Asset Relief Program.

First American in Illinois Partially Repays TARP

First American Bank Corp. in Elk Grove Village, Ill., has repaid $15 million of the $50 million it received from the Troubled Asset Relief Program with funds it raised in a recent stock sale.

First Farmers in Indiana Announces $17M Acquisition in Illinois

First Farmers Financial Corp. agreed late Wednesday to acquire First Citizens of Paris Inc.

Will Penny Pritzker's P.E. Fund Invest in Banks?

The heir to the Hyatt hotel fortune has ties to the industry, but the family's last banking venture didn't end so well.

First Midwest, First Financial and MidSouth Complete Deals

First Midwest Bancorp Inc. in Itasca, Ill., First Financial Bancorp in Cincinnati and MidSouth Bancorp Inc. in Lafayette, La., have finalized separate acquisitions.

Advisory Firm Supports Dissident's Bid for Board Seat at HF Financial

A dissident shareholder's bid to win a seat on the board of HF Financial Corp. received a boost Friday after an independent advisory firm endorsed his candidacy.

Taylor Capital Looks to Beef Up Common Equity

Taylor Capital Group Inc. in Chicago is looking to add up to $72 million in common equity that it says would strengthen its capital position and give it the flexibility to pursue growth opportunities.