Banking

Banking

It's Your Business: Angel Paws adding grooming classes

Angel Paws Pet Sitting and Grooming in Champaign has begun offering pet-grooming classes to prepare people for careers taking care of animals.

Owner Debbie Skaggs has been in the pet-sitting business for 15 years, providing care for animals while their owners go on vacation or go to work.

Bank could move ahead of schedule

MONTICELLO — First Mid-Illinois Bank & Trust could relocate to its new banking center in Monticello as early as November, a bank official said Friday.

"That's ahead of schedule," said Joe Dively, the company's chief operating officer.

Busey board OKs reverse stock split

CHAMPAIGN — The board of directors of First Busey Corp., the parent company of Busey Bank, has approved a one-for-three reverse stock split, effective Sept. 8.

Under terms of the split, or merge, each three shares of common stock held by First Busey stockholders will be reclassified and converted to one share of common stock.

First Busey profits up sharply in Q2

CHAMPAIGN — First Busey Corp., the parent company of Busey Bank, has reported significant progress in its second quarter earnings.

Net income for the quarter ended June 30 was $9.9 million, compared to $7.8 million for the first quarter of the year and $8.2 million for the second quarter of 2014.

2 up, 1 down in bank ratings

Two banks were upgraded and one was downgraded in the latest ratings from BauerFinancial based on data for the financial quarter that ended March 31, 2015.

A crime that doesn't pay

Thirteen years later, Kevin Rogers still remembers the chilling 911 call.

"We believe you are going to be robbed," the 911 dispatcher told him.

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.