Illinois

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.

QCR Holdings in Moline, Ill., will sell 2.8 million shares in a public offering.

It's not just about the new name and brand. Vibrant CU, previously named DHCU, has embarked on a full-scale culture change, as well, seeking to create an enhanced member experience that will lead to deeper relationships that are more profitable for the member and CU alike.

MOLINE, ILL. — Dennis Hall, president and CEO of IH Mississippi Valley Credit Union, announced that he is retiring.

First Midwest Bank in Itasca, Ill., increased profits in the first quarter thanks to higher lending income, but fell short of heightened expectations set after two major acquisitions last year.

Higher-than-expected revenue growth and improved asset quality propelled Northern Trust Corp. to strong profit gains in the quarter that ended March 31.

Wintrust Financial in Rosemont, Ill., reported first-quarter earnings of $39.1 million, up 13% from a year earlier, as loans increased and mortgage revenue rose.

IF Bancorp in Watseka, Ill., has selected the successor for its retiring president and chief executive.

Wintrust Financial in Rosemont, Ill., has announced its second acquisition in four days.

The $20 billion-asset Wintrust will pay $17 million in cash for the $108 million-asset North Bank, which serves Chicago's River North and Streeterville neighborhoods.

Amalgamated Bank of Chicago has sold its headquarters building for $35 million.