Illinois

Midland States Bancorp in Effingham, Ill., has agreed to buy about $400 million in wealth management assets from Sterling Bancorp in Yonkers, N.Y.

First Busey in Champaign, Ill., has abruptly changed the responsibilities of several executives.

Bank of Montreal posted fiscal first-quarter profit that beat analysts' estimates as contributions from its purchase of General Electric's transportation-finance business added to U.S. earnings.

Centrue Financial in Ottawa, Ill., has been released from an enforcement action that had prohibited the company from paying dividends without regulatory approval.

Banks are generally selling for less than they did before the financial crisis. Yet there have been select instances in which buyers have been willing to pay significant premiums to sellers' tangible book values. Here are the highest premiums since January 2015 for deals valued at $100 million or more.

Heartland Financial USA in Dubuque, Iowa, has completed its acquisition of CIC Bancshares in Denver and made related executive moves.

TCF Financial in Wayzata, Minn., will close 33 branches inside Jewel-Osco stores in the Chicago area.

PL Capital is raising money for a new fund that'll target banks with up to $75 billion of assets, after 20 years of sticking to just community banks with less than $3 billion of assets. In this Q&A, Richard Lashley explains why activist investors are eyeing bigger banks now and how banks can avoid his kind.

Centrue Financial in Ottawa, Ill., has agreed to sell three branches in Illinois.

Unfavorable equity markets and lower transaction volumes led Northern Trust Corp. to report a 2% drop in fourth-quarter profit.