Illinois

Market Street Bancshares in Mount Vernon, Ill., has completed a $15 million debt offering.

AJS Bancorp in Midlothian, Ill., has hired a replacement for its chief financial officer, who resigned earlier this month.

Heartland Bancorp in Bloomington, Ill., has agreed to buy National Bancorp in Schaumburg, Ill., Crain's Chicago Business reported.

Wintrust Financial in Rosemont, Ill., has named Kathleen Boege general counsel.

Lending Solutions Inc. reported it set a new record for the number of loan applications processed in July.

AJS Bancorp in Midlothian, Ill., has given its chairman and chief executive the additional title of chief financial officer.

Northern Trust in Chicago reported a jump in second-quarter profit due to growth in assets under management and the sale of Visa common stock.

Prairie Community Bank in Marengo, Ill., has raised $2.48 million in a private placement of its preferred stock.

Clients of many community banks in Illinois can apply for short-term loans as lawmakers grapple over issuing paychecks while the state has no budget.

Piper Jaffray has agreed to buy River Branch Holdings, a Chicago investment bank that focuses on financial institutions.

How do you know if a new product is really going to take off? When it’s something members were asking for and previously had to be steered to another institution.

First Midwest Bank in Itasca, Ill., has hired Michelle Hoskins as an executive vice president and chief of human resources.

Though the Land of Lincoln doesn't have a budget, more than 60,000 state workers may be eligible for interest-free loans from the state's credit unions.

Royal Financial in Chicago has agreed to sell $29.1 million in distressed assets, a deal mandated by a bankruptcy judge as part of the company's acquisition of PNA Bank.

Community Investment Corp. has raised $200 million from about three-dozen banks to acquire and rehabilitate thousands of affordable rental-housing units in the Chicago area.

First Midwest Bancorp in Itasca, Ill., has named new heads of treasury management and private banking.

Discover Financial Services in Riverwoods, Ill., said it will double cash rewards for certain customers for a limited period, its latest effort to battle with rival issuers for new business.

Harvard Illinois Bancorp, which has struggled with persistent activist pressure and exposure to a fraud scheme, is preparing to wind down its operations.

The Illinois Department of Financial & Professional Regulation closed the $90 million-asset Edgebrook Bank in Chicago on Friday.

Parkway Bancorp in Harwood Heights, Ill., has agreed to buy Park Bancorp in Chicago.