Illinois

Mercantile Bancorp Inc. in Quincy, Ill., notified the NYSE Amex that it intends to voluntarily delist its common stock.

The Illinois Department of Financial Institutions closed the $37.8 million-asset All American Bank in Des Plaines on Friday.

The Federal Reserve has announced written agreements with three banking companies.

Credit quality is improving at Old Second Bancorp Inc., but the struggling company is still losing money.

First Midwest Bancorp Inc. in Itasca, Ill., said Wednesday that it had received approval from the Treasury Department to redeem $193 million in preferred stock issued in December 2008 under the Troubled Asset Relief Program.

Shares of PrivateBancorp Inc. surged Tuesday following news that the Chicago company had more than doubled its third-quarter earnings from a year earlier as revenue increased and credit costs subsided.

MB Financial Inc. in Chicago managed to produce a third-quarter profit after its credit costs fell dramatically, though shrinking revenue disappointed analysts.

Taylor reported third-quarter earnings of $7.3 million following three quarters of losses. CEO Mark Hoppe said the company's credit costs are down and all of its growth engines are up and running.

State regulators closed three banks along the East Coast and one in Illinois on Friday night, bringing this year's failure tally to 80.

First Midwest Bancorp Inc. said Thursday it will acquire about $185 million of deposits and a branch in suburban Chicago from Old National Bancorp.

First Financial Corp.'s willingness to pay nearly double the tangible book value for Freestar Bank outside of Chicago is the most expensive small bank deal in months.

Citizens First National Bank in Princeton, Ill., has been ordered by the Office of the Comptroller of the Currency to beef up its capital levels and clean up its loan portfolio.

Wintrust Financial in Illinois is tired of hiding behind numerous brand names. The $15 billion-asset company has launched an advertising campaign to aggressively introduce the Wintrust brand in Chicago.

The Federal Reserve Bank of Chicago has ordered CB Holding Corp. in Aledo, Ill., to serve as a source of strength for its struggling bank unit, Country Bank.

First Busey Corp. in Champaign, Ill., has received $72.6 million from the Small Business Lending Fund, the largest award to date since the Treasury Department began disbursing funds to community banks last month.

Regulators closed banks in Florida, Georgia and Illinois Friday, all in places were many banks have already met their demise. On Thursday, a bank failed in Pennsylvania, one of just a handful to fail in that state in the last few years.

Former top executives at LaSalle Bank are looking to start a bank that would acquire the assets and deposits of failed banks in and around Chicago.

Mercantile Bancorp once believed that its bank in sleepy Quincy, Ill. was not enough. Now, that bank might hold the key to the company's survival.

On Tuesday, the $904 million-asset company said that Lee R. Keith, a director since 2009, as its interim president and chief executive. Keith succeeds Ted T. Awerkamp, who had served in those positions since 2007.

Aided by two acquisitions and sharply lower deposit costs, BankFinancial Corp. in Burr Ridge, Ill., swung to a profit of $1 million in the second quarter from a loss of $288,000 in the same period last year.