Banking

Banking

It's Your Business: Pizzeria Antica to open this month

The sign is up, the ovens are curing and Pizzeria Antica Champaign is apparently a few weeks away from opening.

"We plan to be open by the end of May if not sooner," said owner Ramin Karimpour.

The new pizzeria is located just north of the Champaign City Building at 10 Chester St., in the building that formerly housed Stipes Printing and more recently Ratio Architects.

Scharlau: Health care, construction spending going nowhere but up

CHAMPAIGN — The payrolls of Champaign County's big health care employers keep rising.

In 2014, the payrolls of Carle, Presence Covenant, Christie Clinic and Health Alliance climbed by 7.3 percent to $598 million. Next year, they're estimated to rise another 6.9 percent, Busey Bank Vice Chairman Ed Scharlau said in remarks prepared for the bank's economic seminar this morning.

Rating service revises Midland States back to top rating

CHAMPAIGN — Midland States Bank has been restored to 5-star ("superior") status by the BauerFinancial bank rating service following the receipt of new information from the bank.

5 banks up, 1 down in latest ratings

Five banks were upgraded and one was downgraded in the latest ratings from BauerFinancial based on data for the financial quarter that ended Dec. 31, 2014.

Midland States Bank was the lone bank to be downgraded, falling from 5-star ("superior") to 4-star ("excellent"). The Effingham-based bank has 32 offices in Illinois, including one in Champaign, plus an office in Chesterfield, Mo.

Banker decries cost of Dodd-Frank

CHAMPAIGN — Small community banks are reeling from the cost of complying with the Dodd-Frank Act, the chairman of the Illinois Bankers Association said.

And in some cases, their customers are feeling the restrictions of Dodd-Frank, too.

Bank files for foreclosure on seven C-U apartment complexes

URBANA — Marine Bank has filed for commercial foreclosure against Platinum Group Properties, Paul Zerrouki and Nicoleta Negrau in connection with six apartment complexes in Urbana and one in Champaign.

Bank helps man avoid being scammed

FOOSLAND — With help from a Fisher bank, a rural Foosland man averted losing thousands of dollars to a scam artist.

According to Lt. Brian Mennenga of the Champaign County Sheriff's Office, the elderly man said a man came to his house in rural Foosland the afternoon of Jan. 26 and said he needed electric surge suppressors on his house as a safety precaution.

Take it to the bank

5 takeaways from First Busey's fourth-quarter report, courtesy business writer Don Dodson:

Five banks up, two down in latest quarterly ratings

Five banks were upgraded and two were downgraded in the latest ratings from BauerFinancial based on data for the financial quarter that ended Sept. 30.

Pittsburgh-based PNC Bank, which has area offices in Champaign and Urbana, was upgraded from 31/2 stars ("good") to 4 stars ("excellent").

Quick Read: Banks' share of local markets

Last week, The News-Gazette explained how Busey Bank's merger with Pekin-based Herget Bank would affect banks' shares of deposits in the Peoria area.

This week, we'll turn closer to home to examine what share of deposits various banks have in the Champaign-Urbana and Danville metropolitan areas.