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Moody's Investor's Service has downgraded the credit rating of a regional bank with a strong central Illinois presence. The one notch reduction of Commerce Bank from a1 to a2 is among downgrades of 10 small to mid-sized banks.
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The incoming CEO of Bloomington-based Heartland Bank and Trust says the $5 billion company will seek only growth opportunities that make sense to its core community bank mission.
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A central Illinois based credit union has given an extra $35 million to owners. Peoria-based CEFCU said in a news release the extraordinary dividend reflects strong financial results. Credit unions are member-owned and participate in profits.
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The merger of Bloomington-based Heartland Bank and Trust and Springfield-based Town and Country Bank, announced in August, is part of an ongoing national trend.
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Busey Bank is closing its Uptown Normal location, as of Friday.The Champaign-based bank has three other branches in McLean County, including the North…
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Exposure to increased regulation and choosy customers not interested in one-stop shopping for insurance and banking are likely among the reasons why State…
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Illinois Treasurer Michael Frerichs will visit Normal on Thursday to promote a savings program for those with disabilities.Frerichs will speak at 6:30…
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Heartland Bank and Trust’s holding company could soon become one of the few Bloomington-based businesses to be publicly traded on the stock market.HBT…
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Growing and selling cannabis for medical purposes in Illinois is legal, and it's looking more likely that the state will legalize a recreational program...