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The Business Resource for Suburban Chicago
Friday, February 12, 2016 2:33 PM
  • TCF Financial Corp. announced it plans to close 33 TCF Bank branches located in Jewel-Osco stores in Chicago and the suburbs by the end of May, replacing them with enhanced services ATMs.
  • BURR RIDGE — BankFinancial Corp. said it recorded net income of $8.7 million and earnings per share of common stock of 44 cents per share for the year ended Dec. 31, 2015.

  • GENEVA — The State Bank of Geneva has named Christopher P. Barton to president, CEO and director.
  • NEW YORK (AP) — Huntington Bancshares says it will pay about $3.4 billion to buy Ohio-based rival FirstMerit. which has nearly 370 branches in Illinois, Michigan, Ohio, Pennsylvania and Wisconsin. 
  • Millions of U.S. baby boomer business owners are approaching retirement. And many of those are preparing to pass the company reins to their family members and employees to create a legacy. In fact, an estimated $10 trillion in family-owned businesses is expected to change hands by 2025.

  • Gone are the days of ignoring participant education when offering a corporate retirement plan. The cost, fiduciary responsibility and time needed to offer this benefit to employees begs the question: Why offer a program if it doesn’t meet the employee’s needs? The goal of the benefit should be to provide employees with the opportunity to retire with dignity — and without the fear of outliving their savings.

  • Driving manufacturing growth in a 'steady as she goes' economy
    2015 is behind us. In the end, we had some growth with pockets of standout performance and pockets of pain.
  • Couples seeking financial harmony need look no further than lessons from wealthy American couples. The results of the latest PNC Wealth Management survey on attitudes indicate that many affluent couples rely on financial transparency and trust, and most tensions stem from contribution imbalance.

  • As the economy continues the slow but steady recovery, many small business owners are exploring expansion and growth strategies, and to accomplish these goals, they see commercial and business loans as a key to their success.

  • ROSEMONT — Wynnchurch Capital, a $2.3 billion middle market private equity firm, today announced the formation of Wynnchurch Industries, LLC, a new platform company established to invest in industrial materials companies.

  • RIVERWOODS — Discover Financial Services announced Joseph F. Eazor has joined the company’s board of directors.
  • CHICAGO — Royal Financial announced it will acquire Park Bancorp, the holding company and parent of Park Federal Savings Bank, which operates three offices in Chicago and one in Westmont.

  • ROSEMONT — Wintrust Financial Corp. said it will acquire Generations Bancorp based in Pewaukee, Wisconsin.
  • Mobile banking has been embraced wholeheartedly in the retail banking world. But concerns over security and functionality have slowed adoption by business customers, even as mobile banking capabilities for these customers have evolved considerably in the past decade. Three trends are worth watching as banks work to address customer concerns and expand their mobile offerings for businesses.

  • Do you have a go-to guy or girl in your company — you know, the one who everyone counts on to hold things together and get the job done? Most businesses do, and their contributions are immeasurable.

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