Illinois

Heartland Bancorp in Bloomington, Ill., has agreed to buy National Bancorp in Schaumburg, Ill., Crain's Chicago Business reported.

Wintrust Financial in Rosemont, Ill., has named Kathleen Boege general counsel.

Lending Solutions Inc. reported it set a new record for the number of loan applications processed in July.

AJS Bancorp in Midlothian, Ill., has given its chairman and chief executive the additional title of chief financial officer.

Northern Trust in Chicago reported a jump in second-quarter profit due to growth in assets under management and the sale of Visa common stock.

Prairie Community Bank in Marengo, Ill., has raised $2.48 million in a private placement of its preferred stock.

Clients of many community banks in Illinois can apply for short-term loans as lawmakers grapple over issuing paychecks while the state has no budget.

Piper Jaffray has agreed to buy River Branch Holdings, a Chicago investment bank that focuses on financial institutions.

How do you know if a new product is really going to take off? When it’s something members were asking for and previously had to be steered to another institution.

First Midwest Bank in Itasca, Ill., has hired Michelle Hoskins as an executive vice president and chief of human resources.