Illinois

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.

The Bank of Commerce in Wood Dale, Ill., became the nation's 26th failed bank of the year late Friday.

First Midwest Bancorp Inc. in Itasca, Ill., has added a director. The $8.15 billion-asset company said that Peter Henseler, the president of toymaker RC2 Corp., had joined its board.

The Federal Reserve made public two written agreements for bank holding companies dealing with high levels of credit problems at their bank units.

Data on failed banks sold in the first 10 weeks of the year hints at a broader shift toward buyers going it alone.

Old Second Bancorp Inc. in Aurora, Ill., said its bank expects further regulatory scrutiny after it was unable to fully comply with a memorandum of understanding.

Illinois regulators are swinging their hammers again, but this time, their targets are better equipped to take the blow.

The Fed reached a written agreement on Feb. 18 with the $1.4 billion-asset company that gives it 60 days to maintain adequate capital on a consolidated basis.

Community Financial Shares Inc. of Glen Ellyn, Ill., said late Monday that its net loss widened to $2.2 million in the fourth quarter, from $690,000 a year earlier.

WASHINGTON — Regulators seized the $124 million-asset Valley Community Bank in St. Charles, Ill., late Friday in the 23rd bank failure of the year.

On Tuesday, the Fed reported the formal actions it took against $242 million-asset American Bancorp. of Minnesota Inc. in Baxter, $1.2 billion-asset Eastern Virginia Bankshares Inc and its EVB bank unit in Tappahannock, $1.5 billion-asset Marquette Financial Cos. in Minneapolis and $541 million-asset National Bancorp Inc. in Schaumburg, Ill.