American Banker Illinois
Indiana's CFS Might Seek Buyer
American Banker | Nov 19CFS Bancorp in Munster, Ind., is exploring its strategic options, including the possibility of selling itself.
IFA Approves $1B, Mostly for Hospitals
Bond Buyer | Nov 11CHICAGO — The Illinois Finance Authority board yesterday signed off on more than $1 billion of borrowing, mostly on behalf of nonprofit hospitals seeking to enter the tax-exempt market before the end of the year.
Cook Bad, DuPage Good
Bond Buyer | Nov 04The Civic Federation of Chicago blasted Cook County Board President Todd Stroger's proposed $3 billion fiscal 2010 budget as "an inadequate plan for uncertain times."
Saved by Tarp Last Year, Midwest is Back on Brink
American Banker | Oct 30Credit quality at the Melrose Park, Ill., company took such a sharp nosedive in the third quarter that analysts said it is technically insolvent, with a negative tangible common equity ratio.
FHLB Chicago Reports Big Loss On Charges For MBS
Credit Union Journal | Oct 30CHICAGO – The Federal Home Loan Bank of Chicago yesterday said it expects to record a loss of $150 million for the third quarter, due to write-downs on its private-label mortgage-backed securities.
Amcore Loss Widens; Capital Seriously Low
American Banker | Oct 28In reporting the loss of $156.4M, William R. McManaman, Amcore's chairman and CEO, said in a press release that a stock offering would be unlikely to succeed but that it continues ...
In Other Publications
Barber Observes Bank Buyouts From Basement
The State Journal-Register | Nov 18Corporate apparel, coffee mugs and letterhead are the early signs of multibillion-dollar bank mergers for Lonnie Wooden.
Wells Fargo Private Bank Expanding in Chicago
Chicago Tribune | Nov 17Wells Fargo Private Bank, which in 2007 relaunched its wealth management business in Chicago, plans to increase its Windy City staffing from 30 to 80 over the next two years.
Teen Dressed as a Woman to Rob Bank, Police Say
Chicago Sun-Times | Nov 14A Skokie teenager has been charged with robbing a Park Ridge bank while dressed in women's clothing.
First Bank to Sell Chicago-Area Branches
Chicago Tribune | Nov 12St. Louis-based First Bank plans to sell its 24 Chicago-area branches and $1.2 billion in deposits to Akron, Ohio-based FirstMerit Corp.
Wells Fargo Names Local Banker to Head Commercial Lending
Chicago Tribune | Nov 06Lisa Johnson has been named Wells Fargo’s regional head for commercial banking in Illinois and Wisconsin, the bank said. She will report to Richard Kerbis, a Chicago-based exec who runs a network of commercial banking offices in nine states.
TD Bank Unit Closing Up Shop in Chicago
Chicago Tribune | Nov 05TD Equity Options is closing its doors after its Canadian parent failed to find a buyer for the business. About 80 workers at the company’s 230 S. LaSalle St. location are affected.
