Illinois

Frederick Waddell will retire as CEO of the Chicago custody bank at the end of 2017 but will remain chairman.

Electric Energy Inc Employees CU will become part of larger credit union.

The cash acquisition allows First American to expand its operations in Kenosha, Wis.

New clients will use vendor’s KeyStone core processing system.

Associated's agreement to buy Whitnell & Co. comes just weeks after the company lined up its first bank deal since the financial crisis.

Amendments mean parity with federal law, other changes allowing efficient CU operations.

Rising taxes, declining population and the political landscape in Illinois have led several bankers to put more money and resources into nearby states.

The move will explore the risks and opportunities of the new technology, and the group membership allocation across agencies and stakeholder groups seems to be a reasonable way to include a range of opinions, writes Rob Viglione, co-founder of ZenCash.

The Canadian bank twice sweetened its bid for PrivateBancorp, raising the stakes. Now it must gain traction in the hypercompetitive Chicago market while hunting for more acquisitions.

CIBC plans to spend two years focusing on internal growth at PrivateBank except for some targeted wealth management acquisitions, but ultimately capital outlays or takeovers will be necessary to meet its growth ambitions.