Banking

Banking

First Busey's second-quarter earnings up 12.5 percent

CHAMPAIGN — Busey Bank's parent company reported a 12.5 percent increase in earnings for the quarter that ended June 30, compared with the same period a year ago.

Champaign-based First Busey Corp. on Tuesday revealed that second-quarter net income totaled $8.19 million, up 10 percent from $7.44 million in the second quarter of 2013.

Owner predicts foreclosure sale of Paxton nursing home won't happen

PAXTON — A Paxton nursing home that failed to pay back $1.87 million in loans to a Chicago bank is scheduled to be sold at a public auction in August.

But an official for the company that operates the foreclosed ASTA Care Center of Ford County said he doubts "it's going to get to that point."

It's Your Business: Brownfield Sports settling into Urbana location

Brownfield Sports has moved to the former English Hedgerow location at the southeast corner of Lincoln and University avenues in Urbana.

"We moved over the (July 4-6) weekend," said Kristi Brownfield, who noted the shop had been at Lincoln Square for 12 years.

John Roska: The law on post-dated checks

Q: Are post-dated checks legal? A person I owe money to asked me to write 3 checks, dated for 3 different dates in the future. They promised to wait until the date on each check to cash it.

A: Post-dated checks are perfectly legal. If they weren't, "pay day" lenders and other crude forms of credit couldn't exist.

Four banks up, one down in BauerFinancial ratings

Four area banks were upgraded and one was downgraded in the latest ratings from BauerFinancial based on data for the quarter that ended March 31.

Three banks — First Financial Bank, First National Bank of Catlin and Illinois National Bank — were upgraded from 4 stars ("excellent") to 5 stars ("superior").

It's Your Business: Empanadas House opening campus store

The Empanadas House is finally getting a "house" of its own.

Juan Olarte began operating The Empanadas House food truck in Champaign-Urbana last year. The business serves up empanadas with a variety of fillings, such as beef, chicken and pork, as well as dessert empanadas.

Now the business is getting ready to open a store in Campustown, at 404 E. Green St., C.

Alliance sponsors 'Local Flavors' lunches, dinners

A roundup of business news:

URBANA — The Illinois Stewardship Alliance has released its schedule of "Local Flavors" lunches and dinners that feature seasonal, locally grown and produced food.

Ten restaurants in Champaign-Urbana are taking part in the project this year, with five serving lunches and five serving dinners.

Urbana food cooperative adopts product rating system

A roundup of business news:

URBANA — Common Ground Food Co-op in Urbana has introduced the HowGood rating system in its store so shoppers can see how food products — and the companies that market them — rate in terms of sustainability, social impact and environmental friendliness.

Hickory Point adding office

Peoria move is result of deal for Marshall County State Bank

DECATUR — Hickory Point Bank & Trust, which has offices in the Champaign, Decatur and Springfield areas, plans to add a full-service office in the Peoria area as the result of an agreement to acquire Marshall County State Bank.

First Mid-Illinois stock shifts to Nasdaq

MATTOON — First Mid-Illinois Bancshares expects its common stock to begin trading Monday on the Nasdaq Global Market exchange under the ticker symbol FMBH.

Chairman and CEO Joe Dively announced the change at the company's recent annual shareholders meeting. The bank holding company's stock has been trading on the Over The Counter Bulletin Board system.