Business roundup: Construction company files for bankruptcy

Business roundup: Construction company files for bankruptcy

DANVILLE — Carter Construction Services Inc. of Champaign filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court on Wednesday.

The company, which listed an address of 1600 N. Oak St., C, estimated it has between 100 and 199 creditors. Both its assets and liabilities were estimated between $1 million and $10 million.

A meeting of creditors has been set for 10 a.m. Jan. 17 in Room 208 of the Federal Building, 201 N. Vermilion St., Danville.

Several schedules that generally accompany bankruptcy filings were not filed with the bankruptcy petition. Those documents must be filed by Dec. 27, or the case will be dismissed.

ADM to sell its voting interest in bank

DECATUR — Archer Daniels Midland Co. has agreed to sell its common equity interest in Hickory Point Bank & Trust to the bank's locally owned holding company. The holding company, First Illinois Corp., has owned a controlling interest in the bank since 2011.

"This transaction is the logical next step and maintains 100 percent local ownership of the common stock of the bank," said Anthony G. Nestler, president and CEO of both the bank and its holding company.

ADM remains a key customer of the bank and maintains a nonvoting investment in it, Nestler said.

The transaction is subject to regulatory approval and is expected to be done by Dec. 31.

Hickory Point Bank & Trust has branches in Champaign, Decatur, Springfield, Forsyth and Mount Zion. It has total assets of $615 million.

App sheds light on ag careers

RANTOUL — A new app developed in part by a Rantoul-based organization helps people explore 58 agricultural careers, as well as the demand for them.

The Ag Career Finder app provides overviews of the careers, suggested high school courses, experience needed, degrees required, potential employers, salary range, employment outlook and trends, and professional organizations associated with those careers.

The app also has links to current job openings at

A Rantoul-based organization, Facilitating Coordination in Agricultural Education, worked with to develop the app, which can be used on iPhones, iPads and Android devices.

The app covers careers that fall in seven broad categories — plant science, animal science, agricultural mechanics, agricultural business, environmental services, food science and natural resources.

To learn more about the application and to download it, search Ag Career Finder at the Google Play store. The app is also available at the iTunes store.