Illinois

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

LAKE BLUFF, Ill. — Total overdraft revenue for 2014 slipped by 0.31% to $31.8 billion (down from $31.9 billion in 2013), but credit unions were near the forefront of that slide with a 3.9% decline — the first ever for CUs.

Foresight Financial Group in Rockford, Ill., has agreed to buy State Bank of Herscher in Herscher, Ill.

Joseph Stilwell hopes a fourth challenge against Harvard Illinois Bancorp is successful.

BETHALTO, Ill. — The final bell has rung for School District #9 Credit Union in Granite City, Ill., as it was officially merged into $585 million 1st MidAmerica Credit Union, here.

Sterling Bancorp in Montebello, N.Y., has acquired payroll funding firm Damian Services Corp.

Wintrust Financial in Rosemont, Ill., has agreed to buy Community Financial Shares in Wheaton, Ill.

Bank of Edwardsville in Illinois is set to have a new leader.

The Illinois Department of Financial and Professional Regulation closed the $54.7 million-asset Highland Community Bank in Chicago on Friday.

Seaway Bank and Trust in Chicago has entered into a consent order with state and federal regulators.

PrivateBancorp in Chicago reported higher quarterly profit as strong loan growth offset lower yields.

Wintrust Financial in Rosemont, Ill., reported higher quarterly earnings on increased revenue, with fourth-quarter profit rose 8% from a year earlier, to $38.13 million.

Wintrust Financial in Chicago has formed a division to focus on the city's start-up community.

Nationwide the number of bank branches fell by about 1.7% last year. But some cities and states were hit harder than others, according to data from the Federal Deposit Insurance Corp. and research firm BankRegData.

Old Second Bancorp in Aurora, Ill., will soon start redeeming shares it issued as part of the Troubled Asset Relief Program.

A federal bankruptcy court has approved the sale of PNA Bank in Chicago.

First Midwest Bancorp in Itasca, Ill., will restructure its commercial banking group after a key executive retires.

EDWARDSVILLE, Ill. — Scott CU returned $1.8 million to its members just in time for the holidays.

PEORIA, Ill. — Citizens Equity First Credit Union (CEFCU) said it will distribute a record $40 million extraordinary dividend to the credit union's members.

MOLINE, Ill. — Service Plus Credit Union, a $21-million asset credit union here, has chosen Sharetec System, a developer of credit union software, for its core system.