Illinois

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.

The company will pay $62 million in cash for a bank with four branches and $337 million in assets.

Banks that have flocked to the business because of higher yields and loan diversity stand to benefit if clients use tax savings to upgrade equipment.

The company tapped a new president for the business, which it will also rebrand, after hiring a team from Scottrade Bank in Missouri.

The company will gain four Chicago-area branches as part of the $41 million all-cash acquisition for the parent of ABC Bank.

Dekalb County Credit Union has just $6 million in assets -- approximately the same amount that Vibrant earned in net income last year.

The $74 million acquisition will allow First Mid-Illinois to expands it operatations in the Champaign-Urbana region in Illinois.

The company has agreed to buy the operations of Veterans Mortgage in Salt Lake City.

Alpine Bancorp. in Illinois made its sale a highly inclusive process, forming a special evaluation team of senior leaders to help top management review offers.

The company agreed to pay $169 million for First Evanston Bancorp in Illinois.

Volunteers, staffs, participants and their families are now able to bank with the credit union as a result of a partnership that grew into a business opportunity for NWCCU.