New hotel opening in Champaign

New hotel opening in Champaign

A roundup of business news:

CHAMPAIGN — The Residence Inn by Marriott plans to open for business Friday (today, Sept. 27) in Champaign.

The extended-stay, all-suites hotel at 502 W. Marketview Drive, C, is owned and managed by Hawkeye Hotels of Burlington, Iowa.

The hotel has 112 suites designed for stays of five nights or more. Guests can choose from studio, one-bedroom and two-bedroom suites. Each suite has a kitchen equipped with a coffee maker, microwave oven and residential-sized appliances.

The hotel also offers a complimentary hot breakfast, high-speed Internet, grocery and restaurant delivery service, dry cleaning services and an on-site guest laundry room.

Residence Inn has more than 600 properties in the United States, Canada, Europe, the Middle East and Central America.

Kevin Shah is general manager of the local property. The phone number is 398-0000.

Kuhl named president of Edwardsville bank

CHAMPAIGN — A well-known banker from the Champaign-Urbana has been named president of a bank in Edwardsville.

P. David Kuhl of Champaign has been appointed president and CEO of First Clover Leaf Bank, effective Oct. 7.

He will succeed Dennis Terry, who will remain with the bank as director of market relations and board projects.

Kuhl was previously chairman, president and CEO of Freestar Bank in Pontiac and before that, served in similar roles at Busey Bank in Urbana.

He also served as chairman of the board of directors of the Federal Home Loan Bank of Chicago and the Illinois Bankers Association. For 2011, he was named the association's Illinois Banker of the Year.

Kuhl is from the Metro East area and received a master's degree in business administration from Southern Illinois University at Edwardsville.

First Clover Leaf Bank has nearly $600 million in assets. It has three offices in Edwardsville and one branch in Wood River, plus a loan production office in Highland.

The bank is a subsidiary of First Clover Leaf Financial Corp., the stock of which is traded on the Nasdaq exchange under the FCLF symbol.

In a release issued by the company, Kuhl said the bank has a strong commitment to its communities and shareholders.

"Our goal will be to continue this commitment while expanding our service offerings and increasing shareholder value," he stated

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Topics (2):Banking, People