Illinois

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.

The Federal Reserve on Thursday released information on written agreements with five banking companies.

Northern Trust Corp. will remain the title sponsor of a top professional golf tournament in Los Angeles at least through 2016.

Building on its strong second half of 2010, PrivateBancorp in Chicago started 2011 with its third straight profitable quarter.

Unsuccessful in its efforts to raise fresh capital and already operating under multiple enforcement orders, embattled Mercantile Bancorp could be on the verge of failure.

Earlier this month, the Federal Reserve issued a prompt corrective action directive giving the bank 60 days to become adequately capitalized by raising capital or selling itself.

Wintrust Financial Corp. in Lake Forest, Ill., has acquired certain assets and liabilities of River City Mortgage LLC, a mortgage bank in Bloomington, Minn.

The Federal Reserve Board on Tuesday announced enforcement actions against two banks.

The OCC closed the $187 million-asset Western Springs National Bank and Trust in Illinois Later, state regulators closed the $145 million-asset Nevada Commerce Bank.

National Bancorp Holdings, a newly created holding company backed by brothers Stephen and John Calk, bought Generations Bank from Armed Forces Bank in Fort Leavenworth, Kan.

The $4.5 billion-asset Chicago company said Tuesday that it raised $25 million in a private placement with investors such as Harrison Steans, a former chairman of LaSalle National Bank; Jennifer Steans, the chairman of USAmeribancorp Inc. in Largo, Fla.; and Bruce Taylor, chairman of Taylor Capital. Investors also included other members of the Steans family and Prairie Capital.