Illinois

Union Bankshares has reached an agreement under which Federal Savings Bank will originate mortgages in its branches.

The Chicago company will close 19 branches and eliminate 150 jobs, partially reflecting changing customer preferences.

The high multiple Fifth Third is paying for MB Financial raises questions about whether it can cut enough costs, realize enough growth and win over skeptical investors.

The nearly $5 billion deal to acquire MB Financial would provide the Cincinnati company with immediate scale in the Windy City.

Although there's often a tension between regulation and innovation, the sandbox concept can help startups, regulators and incumbent banks better navigate experimental financial technologies.

The serial acquirer is buying Delaware Place Bank, which is less than 1% of its size.

Three corporate credit unions now fund the check-processing services LLC.

Darlyne Keller replaces former CEO Michael Rosek, who left the Illinois-based credit union last year to take the helm at another CU in Minnesota.

Although there's often a tension between regulation and innovation, the sandbox concept can help startups, regulators and incumbent banks better navigate experimental financial technologies.

First Personal Bank in Illinois tried — and failed — to sell itself three times. The bank finally found an eager buyer after tackling several lingering problems.

Steven Bugg is set to take the top job at the Illinois-based credit union.

The Illinois company has agreed to buy Springfield Bancshares for $87 million.

The Chicago custody bank also benefited from a recent acquisition of a UBS business in Europe and the lower federal income tax rate.

The $6 million acquisition will add four businesses with a total of $700 million in assets under management.

The National Credit Union Administration cited "unsafe, unsound practices" that led to the move to conserve the $4 million-asset institution.

A customer is claiming that the Chicago bank operates a "predatory" overdraft fee program.

The move provides a strong hint of the long-term succession plan CEO Leon Holschbach is putting in place.

CFO Craig Althoff hase been named interim CEO while the board begins its search for a permanent chief executive.

Chicago's government agencies are a mess of disconnected legacy systems that smacks of old-school municipal malaise and revenue loss as people trek to midcentury government facilities and wait in line to pay.

Aurora Policeman Credit Union facing lawsuit alleging violations relating to its website.