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.
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
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.
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.
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.
Copyright 2016 by the Daily Herald Business Ledger
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