Updated: First Busey net income drops for fourth quarter, all of 2012
Updated 5:24 p.m. Tuesday.CHAMPAIGN — First Busey Corp.'s net income for the fourth quarter of 2012 dropped 14 percent from a year earlier, the company reported Tuesday.Meanwhile, net income for...
View ArticleAll but 3 area banks saw rise in 2012 fourth-quarter profits
Most banking companies in East Central Illinois with publicly traded stock had a more profitable fourth quarter in 2012 than they did in 2011.All but three had a more profitable year in 2012 than they...
View ArticleBusiness roundup: Village Inn Pizza closes; family business for sale
URBANA — Village Inn Pizza has closed after 47 years of operation, and the business is up for sale, according to a release from the family-owned company.read more
View ArticleMonticello-based bank firm a rarity: owned by employees
MONTICELLO — First State Bancorp of Monticello is now entirely owned by its employees.The bank's employee stock ownership plan bought all remaining outstanding shares of the company's common stock on...
View ArticleBanks' settlement will mean $400,000 for UI clinic to help homeowners, tenants
CHAMPAIGN — A government settlement with five of the nation's largest banks over their role in the foreclosure crisis will fund a University of Illinois legal clinic that helps homeowners and tenants...
View Article5 area banks upgraded, 5 downgraded
65 banks retain same ratings from previous quarterFive area banks were upgraded and five were downgraded in the latest ratings from the BauerFinancial rating service, based on data for the quarter that...
View ArticleBusiness roundup: Groundbreaking set for Danville credit union
DANVILLE — The Danville Bell Credit Union plans to break ground Saturday for a new facility at 3591 N. Vermilion St. in Danville.The new 3,500-square-foot building near the intersection with Poland...
View ArticleBusiness roundup: First Financial to expand Illinois footprint
TERRE HAUTE, Ind. — First Financial Bank has agreed to acquire seven branches and two drive-up locations in central and southern Illinois from Bank of America, First Financial announced Tuesday.The...
View ArticleFirst Mid leaders get raises
MATTOON — The top management of First Mid-Illinois Bancshares got salary increases ranging from 3 percent to 10.8 percent last year, the company disclosed in its proxy statement this month.But those...
View ArticleBusiness & Professional Briefs April 7, 2013
New jobsSchaefer, Lewis receive promotions.Tony Schaefer and Kim Lewis have been promoted at First Federal Savings Bank of Champaign-Urbana.Schaefer is assistant vice president, residential/consumer...
View Article3 banks upgraded, 4 downgraded in ratings
Three area banks were upgraded and four were downgraded in the latest ratings from the BauerFinancial rating service, based on data for the quarter that ended Sept. 30.First Financial Bank of Terre...
View ArticleBusiness and professional briefs Dec. 23, 2012
New jobsTwo join McGladrey. Sheena Braulick and Justin Miller have joined the staff of McGladrey LLP's Champaign office.Braulick, a senior tax associate, is a certified public accountant with four...
View ArticleBusiness & professional briefs
New jobsDACC hires Bayard.Patrick Bayard has been named director of grants and planning at Danville Area Community College.He was previously an adjunct professor in public administration and a program...
View ArticleChicago investor added to First Busey board
CHAMPAIGN — The founding partner of a Chicago-based private equity firm has been added to the board of directors of Busey Bank's parent company, First Busey Corp.Stephen V. King of Evanston, who...
View ArticleBusey closing Savoy branch, three others
SAVOY — Busey Bank will close four branches — including its Savoy branch — on April 15, bank spokesman Amy Randolph said Wednesday.Other branches that will close at the end of that business day include...
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