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The FDIC and First Midwest Bank entered into a loss-share transaction on $343.8 million of Palos Bank and Trust Company's assets. [9] First Midwest Bank assumed Waukegan Savings Bank's $77 million in deposits and $89 million in assets following its closure by the FDIC. The two Waukegan branches will open as First Midwest locations. [10]
Wintrust is a financial holding company in the United States that operates 15 chartered community banks in northern Illinois and southern Wisconsin. [2] Wintrust is usually classified as a medium-sized banking institution in the United States and it trades on the Nasdaq Global Select Market with stock symbol WTFC.
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The mill building itself, however, was honored as a survivor from Illinois post-frontier years. The Graue Mill was listed on the National Register of Historic Places in 1975, and was recognized as a Historic Mechanical Engineering Landmark in 1981. The mill has been periodically re-restored since 1943 to keep it in operating condition ...
In 1980, Farmers & Merchants Bank, Milford Center and The First National Bank of Burton merged with Huntington Bancshares. [14] In 1981, the bank acquired Alexandria Bank Company and renamed it The Huntington State Bank, with a loan production office opening in Cincinnati. In 1982, the bank merged with the Reeves Banking and Trust Company. [14]
The new bank opened on June 21, 1999. [ 5 ] [ 1 ] Beginning with one branch in downtown Springfield, the bank has grown to 13 branches in Central Illinois. INB acquired a remittance processing center in 2000; it is the largest in Illinois outside the Chicago area.
On December 17, 2010, Bank of Montreal (BMO) agreed to purchase Marshall & Ilsley in an all-stock transaction valued at about $4.1 billion. Marshall & Ilsley was combined with BMO's Harris Bank subsidiary based in Chicago, Illinois, on October 9, 2012, to form BMO Harris Bank.
QCR Holdings announced an agreement to sell its Rockford subsidiary, Rockford Bank and Trust, to Heartland Financial USA, Inc. subsidiary Illinois Bank & Trust on August 13, 2019. [6] The sale closed on November 30, 2019 [7] and the bank's systems conversion occurred on February 7, 2020. [8] In 2022, QCR Holdings acquired Guaranty Federal ...