Illinois

Midland States Bancorp in Effingham, Ill., has plucked its new chief financial officer from a much larger bank: Kevin Thompson, who joins Midland from Zions Bancorp., where he had been senior vice president of corporate finance since 2014.

Midland States Bancorp in Effingham, Ill., has launched an efficiency push after a period of expansion that reached another milestone Thursday.

MB Financial in Chicago has appointed an executive from an advanced analytics company to its board. The $19 billion-asset company said in a press release Thursday that Sunil "Sonny" Garg is the energy solutions leader at Uptake.

The former chairman of the failed Premier Bank in Wilmette, Ill., was sentenced to five years in prison after he pleaded guilty to defrauding the Treasury Department's Troubled Asset Relief Program.

As banks grow and their business models become more complex, some find that adding a general counsel to the staff makes sense. Bank SNB in Stillwater, Okla., says hiring one allowed it to reduce its legal fees by 80%. Here are the pros and cons.

Signature Bank in New York reported a sharp decline in quarterly profits after suffering steep losses on its Chicago portfolio of taxi medallion loans.

SunTrust Banks in Atlanta has agreed to buy the multifamily lending business of Pillar Financial in New York.

Northern Trust’s success in attracting new trust and investment management clients helped to boost its third-quarter profit.

Wintrust Financial in Rosemont, Ill., rode strong gains in both interest and fee income to a record profit in the third quarter.

West Town Bancorp in Illinois has revved up its government-backed lending to small businesses, making it a good example of how community banks can outhustle big lenders in the quest for new sources of fee income.