Illinois

Two banking bills signed by Gov. J.B. Pritzker carry implications for payday lenders, auto title lenders, credit unions and nonbank mortgage lenders. Pritzker, a Democrat, said the bills will address racial-equity gaps in the state.

The Illinois company has agreed to pay $191 million for the parent of Glenview State Bank.

It is the 18th state to pass a law imposing rate caps on all consumer loans, including payday and car title loans.

The company is looking to shutter 10 of its 63 branches over coming months, reflecting a shift in customer preferences.

Infinity FCU sought out a merger partner after realizing that even at $338 million in assets it was too small to provide the technologies members wanted. It could be a harbinger of more deals among larger players.

The company also plans to shed some corporate office space by the end of this year.

NuMark and NorthStar Credit Unions plan to join forces later this year, with NuMark CEO Ann Dubie retiring once the deal has been completed.

Having been forced to cancel in-person events because of the pandemic, leagues representing CUs in Kansas, Missouri and Illinois have joined forces for a three-day event next month.

C&NW Proviso, which has no website or online services, will gain a slate of new products and additional locations from the deal.

The Illinois company will sell Bates Cos. to an undisclosed buyer less than two years after buying the wealth management firm.