Business

Business

Six area banks up, one down in latest ratings

Six area banks were upgraded and one was downgraded in the latest ratings from the BauerFinancial bank-rating service.

The State Bank of Chrisman was downgraded from 4 stars ("excellent") to 3- 1/2 stars ("good") based on data from the quarter that ended June 30, 2010.

Receiving upgrades for the same quarter were:

It's Your Business: Golf shop, shoe store planning to close

East Central Illinois will lose a few more retailers this fall.

Golf Discount, 11 E. Marketview Drive, C, will close by the end of November. And Red Wing Shoes in the Danville Towne Centre is slated to close later this month.

Jimmy John's workers in Minneapolis aim to unionize

Employees of a Jimmy John's franchise in Minnesota have organized a union and are seeking better pay, better working conditions and more benefits.

Right now the campaign is focused on organizing employees in the Minneapolis metropolitan area. The Jimmy John's sandwich chain, which has over 1,000 stores across the country, is headquartered in Champaign.

Downtown Champaign, campus agencies to discuss merger at reception

CHAMPAIGN – A reception will be held Wednesday evening to discuss a proposed merger of two business organizations.

The Campustown Business Group and Champaign Downtown Association have been considering establishing one association that would promote businesses and events from the Campustown area to downtown Champaign and all points in between.

It's Your Business: Billiards business moves, expands offerings

Altman Billiards and Barstools has moved from north Champaign to Urbana.

"It was cheaper to buy than stay where we were renting," said owner Bob Altman. He purchased the former Family Christian Stores building at 1006 N. Cunningham Ave., near Blossom Basket, and moved there earlier this summer.

First Mid-Illinois completes acquisition of banking centers

First Mid-Illinois Bancshares, the parent company of First Mid-Illinois Bank & Trust, has completed its acquisition of 10 Illinois branches from First Bank.

On Monday, Sept. 13, three banking centers in Peoria, one in Bloomington, two in Galesburg, two in Quincy, one in Knoxville, and one in Bartonville will open as branches of First Mid-Illinois Bank and Trust.

Green View will close Champaign store

CHAMPAIGN – Green View Nursery will close its Champaign store at the end of this year but will continue to offer lawn care and landscape design services in the area.

The store, at 2616 N. Mattis Ave., C, will remain open through the end of the year, through the Christmas shopping season, according to Tom Hoerr II, Green View's president.

Danville mayor to offer picks for housing board

DANVILLE – Mayor Scott Eisenhauer will recommend on Tuesday that the city council appoint retired Danville educator Lon Henderson to the Danville Housing Authority's board of commissioners, replacing longtime commissioner Jane Cline.

Eisenhauer also will recommend reappointing commissioner Rick Strebing, who is also a Danville alderman in Ward 2.

Presidential proclamation: Labor Day 2010

BY THE PRESIDENT OF THE UNITED STATES OF AMERICA

A PROCLAMATION

Working Americans are the foundation of our Nation's continued economic success and prosperity. From constructing the first transcontinental railroad to shaping our city skylines, they have built our country and propelled it forward.

Wilber Heights proves attractive to businesses

Wilber Heights has proved attractive to businesses because of its lower property taxes and lower traffic congestion. Because Wilber Heights is in an unincorporated area, city property taxes are not assessed.