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American Banker - On Focus and In Depth

Saturday, November 21, 2009, as of 01:55 PM EDT

American Banker Illinois

Indiana's CFS Might Seek Buyer

American Banker |  Nov 19

CFS Bancorp in Munster, Ind., is exploring its strategic options, including the possibility of selling itself.

IFA Approves $1B, Mostly for Hospitals

Bond Buyer |  Nov 11

CHICAGO — 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 04

The 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 30

Credit 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 30

CHICAGO – 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 28

In 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 ...

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In Other Publications

Barber Observes Bank Buyouts From Basement

The State Journal-Register |  Nov 18

Corporate 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 17

Wells 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 14

A 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 12

St. 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 06

Lisa 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 05

TD 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.

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