Illinois

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.

The Chicago bank is denying a report that its CEO, Steve Calk, made $16 million in mortgage loans to former Trump campaign chairman Paul Manafort in exchange for a job in the White House.

NMI, which provides payments gateway services for resellers of payment services, has purchased U.K.-based Creditcall to expand its EMV and contactless capabilities so it can support retail, e-commerce, mobile and unattended payments through a single platform.

The rudimentary email pre-orders at Grossman's stores were helpful, but limiting in that it still focused on a one-on-one interaction with the customer. Grossman has since implemented technology that allows multiple customers to submit a single order.

The Chicago institution, formed in 2010 to buy the failed ShoreBank, has hired Sandler O'Neill to gauge interest from potential buyers, according to a published report.

Erminia Johannson's promotion is part of an effort by BMO Financial to generate more revenue from its U.S. operations.

After launching a video-banking platform in 2016, Vibrant Credit Union has now rolled the program out across its entire branch network, citing high member satisfaction rates, a boost in lending and decreased wait times.

The company, which raised $23 million through a private placement, had a 6.97% total capital ratio at Dec. 31.

The tiny Chicago-based CU, with less than $1 million in assets -- is the first credit union failure of 2018.

The Chicago custody bank won new fund-administration business and benefited from the acquisition of a UBS asset-management unit. A one-time adjustment tied to the new tax law also provided a boost.

An economic correction is long overdue, the Ohio company says in explaining why now is the wrong time for long-term entanglements like mergers.

The Illinois company reported strong loan growth, an wider net interest margin and a one-time net tax benefit of nearly $8 million tied to recently passed tax reform.