Illinois

Devon Bank in Chicago has a long history serving immigrant groups in one of the nation's most diverse neighborhoods. Right now, its clients are worried about President Trump's actions on immigration and deportation.

First Busey will pay $133 million in cash and stock for Mid Illinois in a deal that should close later this year.

State Bank of Texas, which bought the failed Seaway Bank in January, is selling nine branches to Self-Help Credit Union.

Premier Asset Management will add $550 million of assets under management to a platform that First Midwest has historically built with organic growth.

The Chicago company postponed a vote planned late last year after a surge in bank stocks changed the math behind the cash-and-stock transaction.

The move will more than double the size of Eldorado's branch network, while allowing MidCountry to exit the market.

The merger will create a bank with more than $4 billion in assets.

The $8 million credit union’s single office will become a branch

Five federally insured, low-income credit unions earned certification as community development financial institutions

Fourth-quarter profits at Wintrust Financial in Rosemont, Ill., climbed 54% to $54.6 million from a year earlier, helped largely by acquisitions and increases in mortgage banking and other fee income.

The company will pay $23.4 million for the $194 million-asset parent of Capaha Bank.

The Federal Reserve has terminated a written agreement with First Personal Financial in Orland Park, Ill., that had existed for more than six years.

First Midwest Bancorp will move its headquarters to Chicago from Itasca, Ill., next year. The $11.6 billion-asset company will open an 80,000-square-foot office in the spring of 2018.

The University of Illinois is getting an education in how complex tuition payment processing can be, especially when the students enrolled from outside of the U.S. It also serves as an example of the clients that are in big demand for cross-border payment companies seeking larger volumes.

First Midwest Bancorp in Itasca, Ill., has hired the former chief financial officer at Fulton Financial, about two weeks after he announced his resignation from the Lancaster, Pa., company.

Old Second Bancorp in Aurora, Ill., raised $45 million from a debt sale.

Canadian Imperial Bank of Commerce stands by its cash-and-stock bid to buy U.S. lender PrivateBancorp and is willing to wait out a market rally to complete the deal, Chief Executive Officer Victor Dodig said.

A PrivateBancorp investor is urging other shareholders to reject the Chicago company's proposed sale to CIBC in Toronto.

Some banks are set to get a fourth-quarter earnings boost from their MSR portfolios, thanks to a sudden spike in yields on Treasury bonds. Add to that the prospect of further rate hikes and the potential dismantling of Basel III, and more banks could be encouraged to re-enter the servicing business.

Two Midwest community banks plan to close a total of 11 branches and record charges to pay for the shutdowns.