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."
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.
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.
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").
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.
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.
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.
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.
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.
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.