Illinois

The Bank of Edwardsville in Illinois has begun looking for a new chief executive, after its current CEO, Thomas Holloway, said he would retire next spring.

LAKE BLUFF, Ill. — The practice of ordering consumer payments from highest to lowest is declining among financial institutions, according to a new study from Moebs Services.

Centrue Financial in Ottawa, Ill., said Monday that it has agreed to sell $75 million of its common stock to the New York private-equity group Capital Z Partners.

Two Midwestern banking companies, First Midwest Bancorp in Illinois and First Federal of Northern Michigan Bancorp, have completed previously announced acquisitions.

Northern Trust in Chicago has appointed Peter Jordan as head of global fund services for the bank's Asia-Pacific region.

WESTMINSTER, Colo. and WARRENVILLE, Ill. — System United Corporate Federal Credit Union, better known as SunCorp, on Wednesday announced its intent to merge with Alloya Corporate Federal Credit Union of Illinois.

BENSENVILLE, Ill. — The operations of Bensenville Community CU have been temporarily suspended by the Illinois Division of Financial Institutions.

GreenChoice Bank in Chicago is the fourteenth failure this year. An investment group seeking to establish an environmentally friendly bank saved the thrift from collapse four years ago, but it fell on hard times again.

The $9.8 billion-asset MB Financial received approval from the Office of the Comptroller of the Currency on Thursday to acquire Taylor Capital in Rosemont, Ill.

MOLINE, Ill. — If time really is money, then IH Mississippi Valley CU had a lot to lose when paper documents were missing in action.

Discover Financial Services reported a rise in quarterly profits Tuesday on strong growth in its loan portfolio.

Earnings at Associated Banc-Corp (ASBC) fell slightly in the second quarter as growth in commercial lending failed to offset a sharp decline in income from mortgage banking.

LAKE BLUFF, Ill. — The fact that average consumer transaction balances are at $4,436 — a higher dollar amount than any time in the last 25 years — should be a big red flag for credit unions.

The plan was for Kang Gao to do his exit interview with Two Sigma Investments LLC, a $21 billion quantitative hedge fund in New York, and jump to Citadel LLC, a rival firm in Chicago.

Northern Trust (NTRS) in Chicago has named a new chief financial officer and split the roles of president and chief operating officer as part of series of leadership changes that will take effect on Sept. 1.

Wintrust Financial (WTFC) in Rosemont, Ill., reported higher quarterly earnings as income from loan growth offset lower fee revenue.

Jane Thompson, former president of Wal-Mart Stores' financial services unit, has joined the board of the Center for Financial Services Innovation, a research group in Chicago that focuses on low-income consumers.

PEKIN, Ill. — Charles Juska, the former head of Tazewell County School Employees Credit Union, is accused of misapplying more than a half-million dollars of the CU's assets.

Creative alternatives to overdrafts are not the sole domain of big banks.

A breakdown of M&A announcements in the financial services industry for the week ended July 5.