Banking

Banking

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.

Top officials at Busey awarded bonuses

CHAMPAIGN — Will First Busey Corp.'s improving performance be enough to secure raises for its top executives?

The holding company for Busey Bank will make that determination mid-year, according to a proxy statement the company recently filed with the Securities and Exchange Commission.

It's Your Business: Villa Italian Kitchen coming to town

Villa Italian Kitchen is coming to Market Place Shopping Center in May, opening in the space formerly occupied by Sbarro.

The Champaign store will be one of 40 Villa Italian Kitchens to open soon in regional malls as the result of a recent deal with General Growth Properties, which owns about 120 malls including Market Place.

John Roska: When ex misses car payment, am I stuck?

Q: I co-signed a car loan for a boyfriend. We broke up, and he took the car. I had my own bank account where we got the car loan. When my ex-boyfriend missed a payment, the bank took everything from my account. Is that legal? Don't they have to give me some kind of notice first, or take me to court?

Scharlau: Champaign County 'growing forward'

CHAMPAIGN — Busey Bank Vice Chairman Ed Scharlau believes Champaign County has more construction going on than any other county in downstate Illinois.

5 area banks see ratings upgraded; rest stay the same

Five area banks were upgraded and none was downgraded in the latest ratings from BauerFinancial based on data for the quarter that ended Dec. 31, 2013.

One area credit union downgraded in 4th quarter

One area credit union was downgraded in BauerFinancial's latest ratings, based on regulatory data from Dec. 31.

Community Plus Federal Credit Union in Rantoul, which had been rated 5-star ("superior") in the previous quarter's ratings, was downgraded to 4-star ("excellent") in the latest ratings.

Updated: Income up for fourth quarter, all of 2013, for First Busey

CHAMPAIGN — Busey Bank parent First Busey Corp. reported sharp increases in net income for the fourth quarter of 2013 and the full year.

Fourth-quarter net income was $6.92 million, up 41 percent from $4.92 million in 2012. For shareholders, diluted earnings amounted to 7 cents a share, up from 5 cents a share in 2012.

Centennial celebration starts Thursday for bank in Bement

BEMENT — The State Bank of Bement will officially become a centennial business this Thursday and has celebrations planned for Jan. 9-10 that will include memorabilia displays and giveaways, a DVD slideshow and people dressed in period costumes.