All Banking Content

All Banking Content

Quality of photos from some bank cameras makes ID difficult

Champaign-Urbana has seen eight bank robberies since March.

Many of them have had at least one thing in common. The security photos of the incidents are blurry, grainy, dark or out of focus.

For police, the lack of clear images from the crime makes catching the bank robbers that much more difficult.

Midland States to build branch bank in Champaign

CHAMPAIGN — Midland States Bank will build a new branch office at 1615 W. Springfield Ave., C — the site of the recently razed This Is It Furniture building.

Becky Von Holten, the bank's Champaign market president, said she is "excited and thrilled" with the new location, which will give Midland States a full-service facility with drive-up lanes and ATM service.

Busey climbs back to top of bank ratings

UPDATED 11:35 a.m. Friday.

Busey Bank has regained BauerFinancial's top rating after four years of lower ratings.

Busey was among 41 area banks given a 5-star ("superior") rating by the bank rating service, based on data for the quarter that ended March 31.

Central Illinois Bank's parent to deregister stock to save on filings

CHAMPAIGN — Central Illinois Bank's parent company plans to deregister its stock by the end of summer.

Once that happens, the company — Wisconsin-based CIB Marine Bancshares — would no longer have to make periodic filings with the Securities and Exchange Commission.

Wind farm company secures financing

CHICAGO — E.On Climate & Renewables North America announced Monday that it has secured $150 million of institutional equity financing from Bank of America Merrill Lynch in exchange for a partial interest in its Pioneer Trail Wind Farm near Paxton.

First Busey CEO got 11 percent pay boost

CHAMPAIGN — First Busey CEO Van Dukeman's salary increased from $495,000 to $550,000 on July 1, 2011, according to the company's recently filed proxy statement.

That 11.1 percent raise followed a 23.75 percent jump in 2010, when his salary increased from $400,000 to $495,000.

Central Illinois Bank's parent cuts losses in 2011

WAUKESHA, Wis. — The parent company of Central Illinois Bank narrowed its losses in 2011, but the company's president said its situation remains "challenging."

CIB Marine Bancshares reported a net loss of $5.4 million in 2011, compared with a $17.3 million loss in 2010.

According to its annual report, the company has had losses from continuing operations since 2003.

First Mid board member up for approval

MATTOON — First Mid-Illinois Bancshares shareholders will be asked to approve a new director at their annual meeting April 25.

Holly A. Bailey, daughter of current board member Charles A. Adams, has been nominated to succeed Sara Jane Preston on the eight-member board.

Busey plans to spend more on employees

CHAMPAIGN — Busey Bank plans to spend more on employees in order to generate growth, the bank's holding company reaffirmed in its annual report to shareholders.

First Busey Corp. consciously shrank over the past four years — from $4.4 billion to $3.4 billion in assets — while it cleaned up problem loans, many of which were related to the collapse of real estate in southwest Florida.

Ex-member of Federal Reserve Board shares concerns

CHAMPAIGN — Institutions that are "too big to fail" may pose more of a problem today than they did at the height of the 2008 financial crisis, a former member of the Federal Reserve's Board of Governors said.