Business roundup: Groundbreaking set for Danville credit union
DANVILLE — The Danville Bell Credit Union plans to break ground Saturday for a new facility at 3591 N. Vermilion St. in Danville.
The new 3,500-square-foot building near the intersection with Poland Road is expected to open early this fall. The credit union's current office is at 307 N. Walnut St., Danville.
"Now that we are able to open accounts for anyone who lives or works in Vermilion County, we decided that an office on North Vermilion Street would provide greater visibility and easy access," said Steve Autor, chairman of the credit union's board of directors.
Designed to be energy-efficient, the new facility will offer two drive-up lanes, a drive-up automated teller machine and space for future expansion.
The credit union's first office was located in the basement of the Illinois Bell Telephone Co. at Seminary and Walnut street in downtown Danville.
During the 1980s, the board decided to grow the credit union by adding other employee groups to the field of membership. The credit union grew through mergers with other credit unions, including the Chuckles Credit Union, Lyons NYC Credit Union and Interstate Publishers Employees Credit Union. The current office was built in 1987.
Sandwich shop set to open Wednesday
CHAMPAIGN — Jersey Mike's Subs plans to open for business in Champaign's Campustown on Wednesday.
The submarine-shop store, located at 505 E. Green St., C, will serve cold subs, hot subs and wraps, as well as "subs in a tub," which are the fillings without the bread.
Jersey Mike's has more than 600 restaurants open and under development. The local shop is operated by the Habibi Inc. franchise, which recently opened a store in Springfield.
Franchisee George Abusaba said the Champaign store has 32 hourly employees and seating for 58. Hours will be 10 a.m. to 10 p.m. seven days a week.
Midland States parent set to acquire Grant Park bank
EFFINGHAM — The parent company of Effingham-based Midland States Bank has agreed to acquire First National Bank of Grant Park, the company announced Tuesday.
Under the agreement, Midland States Bancorp would acquire the bank's parent company, Grant Park Bancshares.
Douglas Tucker, corporate counsel for Midland States, said the value and structure of the transaction weren't released Tuesday, though that information will come to light when regulatory filings are made.
First National Bank of Grant Park has its principal office in the northeastern Kankakee County community of Grant Park and branch offices in Beecher and Bourbonnais.
As of Dec. 31, 2012, the Grant Park bank had $105 million in assets.
The addition of the three offices will increase Midland's presence in northern Illinois to 19 offices. Altogether, Midland States has 34 locations in Illinois, one in Missouri and one in Wisconsin.
"The addition of the First National branches and our future planned expansion into the Yorkville market will complement our presence in Joliet and Champaign," said Dan Stevenson, regional market president of Midland States Bank.
Deadline April 23 for 'Farmer's Mom of the Year'
ST. LOUIS — People who want to nominate someone for "America's Farmers Mom of the Year" must submit their nomination before April 23.
Monsanto Co. and American Agri-Women will choose five regional winners, each of whom will receive $5,000.
One regional winner will be chosen as the national winner and receive an additional $5,000.
Nominators have 300 words or fewer to describe how their nominee represents "caring, values and hard work that embody the family farm way of life."
To submit a nomination, visit the website http://www.americasfarmers.com.
Last year, the contest received more than 900 nominations from 45 states.