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The Business Resource for Suburban Chicago
Thursday, September 18, 2014 8:44 PM
  • OAKBROOK TERRACE — CCS International was recently awarded cost management responsibilities for phase 1 of the $1.3 – 1.7 billion Chicago Transit Authority North Red & Purple Line Modernization project. 
  • HOFFMAN ESTATES — CDK Global, a subsidiary of ADP and a global technology solutions provider helping automotive retailers and manufacturers, said it will offer a new, co-branded financing program for U.S. and Canada-based dealers with GE Capital’s Equipment Finance business 
  • BURR RIDGE -- BankFinancial Corp.'s board of directors declared a cash dividend of 2 cents per common share, payable on Oct. 10 to stockholders of record on Sept. 26. 
  • The key to nonprofit financial success
    Today’s most successful nonprofits in the Chicago area have a clear mission, a knowledgeable and diverse board, a fine-tuned strategy, and an accommodating financial profile. Moreover, they’re prudent about securing credit while maintaining a financially-stable organization. As senior vice president, client manager at Bank of America, I have worked with nonprofits for 10 years in the health care and institutional sector 
  • CHICAGO-- Northern Trust Corp. has $924 billion of faith in Janet Yellen. The Chicago-based fund manager is sticking with its biggest bet on stocks since 2008 even as Federal Reserve interest-rate increases draw closer.

     
  • EVANSTON - First Bank & Trust is pleased to announce the launch of its new website at www.firstbt.com
  • WASHINGTON -- House Republican leaders are considering a short-term extension of the U.S. Export-Import Bank amid a dispute with Tea Party-aligned members who want to let the 80-year-old agency lapse on Sept. 30. 
  • CHICAGO — Illinois will receive $300 million of a national $16.65 billion settlement between the government and Bank of America over the bank's role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis. 
  • SCHAUMBURG — Outstanding automotive loan balances reached an all-time high in the second quarter of 2014, according to Experian Automotive’s State of the Automotive Finance Market report.
     
  • WASHINGTON -- U.S. Sen. Mark Kirk of Illinois continues to push for the reauthorization of the Export-Import Bank.

     
  • CHICAGO -- MB Financial Inc. completed its acquisition of Taylor Capital Group Inc., the holding company for Cole Taylor Bank, as is it expands operations in Chicago.
     
  • WAUKEGAN -- Northern States Financial Corp. said its subsidiary, NorStates Bank, has been released from its consent order with the Federal Deposit Insurance Corporation and the Illinois Department of Financial and Professional Regulation. 
  • CHICAGO — The Small Business Advocacy Council has partnered with Mabbly in launching SBAC NOW, a lending platform that will assist small business owners and entrepreneurs in exploring available options for funding businesses. 
  • Pan American acquires Bank of Palatine
    PALATINE -- Pan American Bank said Wednesday it has received approval from the FDIC and the Illinois Department of Financial and Professional Regulation to acquire the Bank of Palatine. 
  • ITASCA -- First Midwest Bancorp said its subsidiary bank, First Midwest Bank, has completed its acquisition of the Chicago banking operations of Popular Community Bank, a subsidiary of Popular, Inc. 
 
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