- Charter One Financial Inc. to acquire Alliance Bancorp for 1.58 times revenue
The Deal: Charter One Financial Inc. has agreed to purchase Alliance Bancorp for $245 million in cash and stock. The transaction will make Charter One the sixth-largest bank in the Chicago market. Discussion: Alliance Bancorp is the holding company for Liberty Federal Bank, which has 19 offices in Chicago and ......
- for the record
FEDERAL RESERVE WEEKLY FILINGS May 22: First Midwest Bank, Itasca, Ill., authorized to operate a mobile branch throughout Scott County, Iowa. Five Points Bank of Hastings, Neb., authorized to establish a branch in Hastings. Quad City Bank and Trust Company, Bettendorf, Iowa authorized to establish a branch in Davenport. Schuyler ......
- Midwest Banc holding to purchase Bigfoot Financial for 2.17 times revenue
IMAGE TABLE 13 TRANSACTION VALUES OPERATING DATA OPERATING DATA BALANCE SHEET ($mil.) BALANCE SHEET ($mil.) Seller: Bigfoot Financial Buyer: Midwest Banc The Deal: Midwest Banc Holdings Inc. has agreed to acquire Bigfoot Financial Inc. in a stock transaction. Midwest will issue 1.104 shares for each Bigfoot share, for a total ......
- for the record
FEDERAL RESERVE BANK WEEKLY FILINGS Jan. 31: Mercantile Bancorp, Inc., Quincy, Ill., filed to acquire shares of Mid-America Bancorp, Inc., Leawood, Kan., and thereby acquire Heartland Bank. Pittsfield Community Bancorp, Inc., Pittsfield, Ill., filed to become a bank holding company through the acquisition of Community Bank of Pittsfield and Community ......
- Banking risks of the Seventh District
HEADNOTE Directors/Senior Management IMAGE ILLUSTRATION 2 Which emerging risks are prevailing within the banking industry? The Supervision and Regulation Department of the Federal Reserve Bank of Chicago has developed a committee to uncover those risks affecting banks and bank holding companies within the Seventh Federal Reserve District. The Federal Reserve ......
- New IBA president to build on convention momentum
As president of the Illinois Bankers Association, Thomas L. Bugielski of Founders Bank in Worth, Ill., will work throughout the coming year to build on the enthusiasm of the bankers who gathered for their annual convention at the Grand Geneva Resort in Lake Geneva, Wis., June 26-28. IMAGE PHOTOGRAPH 1 ......
- Illinois names new banking commissioner
Illinois Gov. Rod R. Blagojevich has appointed D. Lorenzo Padron, chairman of Chicago's Latin American Chamber of Commerce, as commissioner of the Office of Banks and Real Estate. "Lorenzo Padron brings a vast amount of professional experience to the Office of Banks and Real Estate," Blagojevich said. "But more importantly, ......