Taylor Capital Turns Again to Investors

Taylor Capital Group said Tuesday that it raised $25 million in a private placement with investors, which included the Chicago company's chairman, Bruce Taylor.

Illinois Community Bank Becomes 26th Failure of 2011

The Bank of Commerce in Wood Dale, Ill., became the nation's 26th failed bank of the year late Friday.

Quinn: Sell $2B for Medicaid

With his proposal to borrow $8.75 billion to pay down bills floundering, Gov. Pat Quinn is pressing lawmakers to authorize $1.75 billion to $2 billion of short-term bonding to pay off Medicaid-related bills before federal reimbursement rates drop in July.

Small Banks in Ailing States Exit Tarp

More adept now at tapping capital, a small but significant number of community banks in the hardest-hit states like California, Georgia and Illinois are escaping from the Troubled Asset Relief Program.

Illinois Consent Orders No Longer Death Knell for Targets

Illinois regulators are swinging their hammers again, but this time, their targets are better equipped to take the blow.

Regulators Shut St. Charles-based Valley Community Bank

Regulators seized the $124 million-asset Valley Community Bank in St. Charles late Friday in the 23rd bank failure of the year.

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In Other Publications

Urban Partnership Bank branches into Loop

Urban Partnership Bank, the Chicago-based lender in low-income urban neighborhoods, plans to open its first Loop branch, marking its inaugural expansion beyond the retail network established by failed predecessor ShoreBank.

Former Downstate Banker Pleads Guilty to Theft of $350,000

A former banker at a central Illinois credit union has pleaded guilty to stealing more than $350,000 from accounts that belonged to mostly elderly, sick and deceased clients.

United Community Bank to Add Three Branches

United Community Bank of Chatham expects to add branches in three central Illinois communities by next spring through an agreement announced with First Banks of St. Louis.

BofA Settlement Could Mean Money for Sangamon County

Sangamon County could be in line for part of $2M due about 40 Illinois municipalities and other agencies as part of a larger settlement with Bank of America over its involvement in a bid-rigging scheme.

Urban Partnership Bank Pulls Back From Adding Donald Beal to Board

The successor to ShoreBank has withdrawn the application it submitted to regulators to name as one of its directors Donald Beal, owner of Arrow Lumber, the South Side firm just barred from doing future business with the city after admitting to defrauding it.

Harris Bank Appoints Senior Vice President

Rockford native Jim Pieschel was appointed SVP, commercial banking, Rockford, for Harris Bank. He will focus on portfolio management and client relationship development, with particular focus on depository and lending opportunities.

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