Illinois

The Federal Reserve on Tuesday disclosed written agreements with two banks.

Battered by loan troubles, Princeton National Bancorp Inc. Illinois announced after markets closed Friday that it lost $2.9 million, or 88 cents per share, in the quarter that ended June 30.

The Federal Reserve on Thursday announced written agreements with four banks, including the $2 billion-asset Old Second Bancorp Inc. in Aurora, Ill.

PrivateBancorp Inc. reported its fourth-straight quarterly profit Tuesday, but weak loan growth and declining revenue have raised questions about whether the Chicago company can maintain the momentum.

MB Financial Inc., which took an aggressive stance on its credit by purging bad loans, reported a $10 million net loss available for shareholders during the second quarter.

Improved asset quality and upticks in its commercial and mortgage lending helped Taylor Capital Group Inc. in Chicago narrow its loss in the second quarter.

Northern Trust Corp. in Chicago has promoted Chief Financial Officer William L. Morrison to president and chief operating officer and has hired Bank of America Merrill Lynch veteran Michael G. O'Grady to be the new CFO.

The $14 billion-asset Wintrust struck a deal with the Federal Deposit Insurance Corp. on Friday for the assets and deposits of First Chicago Bank and Trust, its third FDIC transaction this year.

American National Bankshares Inc. completed its 34.7M acquisition of MidCarolina Financial Corp. Seperately, Wintrust Financial said it completed its purchase of Great Lakes Advisors Inc.

Urban Partnership Bank has spent nearly a year finding ways to continue ShoreBank's mission of banking the underserved while also avoiding the failed bank's fate.

MB Financial Inc. in Chicago is selling the bulk of its problem real estate and construction loans to a California investment group that has been an active acquirer of failed-bank assets.

1st MidAmerica Credit Union has agreed to acquire Alton Area Employees Federal Credit Union in Illinois.

In a particularly anemic year so far for bank mergers and acquisitions, the third-largest city in the country has been noticeably absent from the short list.

The Federal Reserve has reached a written agreement with Northwest Bancorporation of Illinois Inc. in Palatine.

First Midwest Bank in Itasca, Ill., has hired longtime Chicago-area banking executive Mark G. Sander as its new president and chief operating officer.

MB Financial Inc. in Chicago is looking to looking rid itself of its asset-quality problems in one fell swoop.

The Federal Reserve on Thursday announced written agreements with four banking companies.

PrivateBancorp Inc. of Chicago said Wednesday that it has named James Guyette as the second chairman in the company's 20-year history.

Private Bancorp Inc. in Chicago has named James Guyette as the second chairman in the company's 20-year history.

Hit hard by defaults on construction loans, Old Second National Bank in Aurora, Ill., has agreed to an enforcement order with its regulator that requires it to boost a key capital ratio by the end of the third quarter.