Illinois

Though the Land of Lincoln doesn't have a budget, more than 60,000 state workers may be eligible for interest-free loans from the state's credit unions.

Royal Financial in Chicago has agreed to sell $29.1 million in distressed assets, a deal mandated by a bankruptcy judge as part of the company's acquisition of PNA Bank.

Community Investment Corp. has raised $200 million from about three-dozen banks to acquire and rehabilitate thousands of affordable rental-housing units in the Chicago area.

First Midwest Bancorp in Itasca, Ill., has named new heads of treasury management and private banking.

Discover Financial Services in Riverwoods, Ill., said it will double cash rewards for certain customers for a limited period, its latest effort to battle with rival issuers for new business.

Harvard Illinois Bancorp, which has struggled with persistent activist pressure and exposure to a fraud scheme, is preparing to wind down its operations.

The Illinois Department of Financial & Professional Regulation closed the $90 million-asset Edgebrook Bank in Chicago on Friday.

Parkway Bancorp in Harwood Heights, Ill., has agreed to buy Park Bancorp in Chicago.