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The decision to promote David Casper, BMO Harris' head of commercial lending, should show that the Chicago bank is ready to push back against aggressive competitors in the Midwest
April 30 -
Consolidation has left one of the nation's most crowded banking markets without a dominant local player. But a handful of hometown banks, including Ed Wehmer's Wintrust Financial along with PrivateBancorp, MB Financial and First Midwest Bancorp, look to be in a good poisiton to pursue the mantle.
February 1 -
The multifamily market is heating up as apartment owners and investors refinance in a rush to lock in low interest rates, but caps on government-backed lending programs are threatening to disrupt momentum.
May 15 -
JPMorgan Chase (JPM) is committing $33 million to encourage community development financial institutions to work together to stimulate economic growth in underserved markets.
January 29
Community Investment Corp. has raised $200 million from about three-dozen banks to acquire and rehabilitate thousands of affordable rental-housing units in the Chicago area.
CIC's new fund will preserve 7,500 privately owned, rental apartments for about 18,000 people. Acquisition and rehab of the properties will take place over the next five years.
The fund raised money from 37 banks in the Chicago area. The lead investors were Northern Trust, BMO Harris Bank, PNC Bank, Fifth Third Bank, Wintrust Financial, PrivateBank and Trust, Associated Bank, Citi Community Capital, MB Financial Bank and First Midwest Bank.
CIC's Multifamily Loan Program has put $1.2 billion to work on 55,000 units of affordable housing for more than 130,000 metro Chicago residents since 1984.