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The Business Resource for Suburban Chicago
Friday, March 27, 2015 10:38 AM
  • WHEATON — Independent investment firm Elkhorn Capital Group announced it will recognize World Water Day, an initiative of the United Nations bringing attention to the need for new infrastructure addressing water shortages that result from pollution, decaying infrastructure and shifting weather patterns. 
  • WAUKEGAN — Northern States Financial Corp., the holding company for NorStates Bank, reported net income available to common stockholders for the year 2014 of $15.6 million, 26 cents per share, compared with a net loss for 2013 of $2.8 million, or 65 cents per share. 
  • CHICAGO -- Federal Reserve Bank of Chicago President Charles Evans, who votes on policy this year, said in a research paper that interest rates should remain near zero for longer amid “substantial uncertainty” about inflation and employment. 
  • Businesses have several options to obtain loans

    As a commercial banker for the past 20-plus years dealing predominately with privately held, family run businesses, I want to let you know we have come a long way from the Credit Crisis of 2008/2009, when most banks were not lending, or if they were, they were extremely cautious.

  • The Fed will raise rates — what does that mean to you?
    The Federal Reserve Bank has two important roles in the U.S. economy — it is mandated to promote economic growth and keep inflation under control.
    Interest rates are the primary mechanism the Fed has to attempt to fulfill these mandates. Lowering interest rates fuels economic growth, while raising interest rates tempers the rate of growth. 
  • Boomers soon will be force behind M&A deals
    The mega deals get the majority of the headlines. But the vast majority of M&A deals fall below $50 million in purchase price. These small deals — well, not to me — normally don’t get the same attention. Yet statistics indicate seven out of ten lower middle market businesses are owned by baby boomers. 
  • Factoring an option to help you seize the day

    Seize the Day: Stirring words, full of hope and promise and opportunity. After this 6-year-long economic nap (nightmare) especially as the calendar says Spring is nigh, it’s an exciting idea.

  • Industrial revenue bonds an untapped financing source
    Across the country, the manufacturing sector is on the rebound. The “made in America” trend has taken hold with consumers, and the economy is growing. Manufacturers everywhere have begun to recover since the end of the recession. Everywhere, that is, except Illinois. 
  • What to know when evaluating assisted living options
    According to the U.S. Census Bureau, each year between now and 2030, an average of four million Baby Boomers will hit the golden retirement age of 65. And as they approach retirement, Baby Boomers are finding that moving out of their homes and into senior living communities equipped to handle their health needs can break their budgets. 
  • What is a credit union? Here’s a primer
    We all have options that meet our everyday financial needs. Credit unions are a viable option that can save you money and improve your financial experience. 
  • Look beyond border for investment opportunities

    The United States accounts for 4.5 percent of the Earth’s population and 6.6 percent of its land area. Yet the U.S. gross domestic product accounts for 22.5 percent of the world’s total gross domestic product, according to 2014 figures.

  • GLEN ELLYN -- A bank at College of DuPage should have been paying property taxes for the past two years, says the Milton Township assessor, who is trying to determine if more businesses on the school's Glen Ellyn campus -- including the controversial college-run restaurant and adjoining hotel -- should be on the tax rolls.

  • CHAMPAIGN — CIBM Bank is expanding into the Chicago market with the opening of a new branch at 330 S. Naperville Road, Suite 100, Wheaton.

  • ROSEMONT -- Wintrust Financial Corp. said it will acquire Community Financial Shares, Inc., the parent company of Community Bank-Wheaton/Glen Ellyn. 
  • Newsmakers: Low rates, available cash help fuel business growth
    After several lean years, banks and financial institutions are opening their wallets to businesses looking for money to grow, and that’s providing unique opportunities for companies. according to a panel of experts at the Daily Herald Business Ledger’s Newsmakers Forum on banking and finance. 
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