Bank Earnings for 3Q2017

Associated Banc-Corp., Green Bay, Wis., reported third quarter earnings of $63 million or 41 cents per share compared to $52 million or 34 cents per share in third quarter 2016. Bank First National Corporation, Manitowoc, Wis., reported third quarter earnings of $3.8 million or 62 cents per share compared to $3.7 million or 60 cents … Read more

Federal Reserve Weekly Filings for Jan. 6, 2018

FirstBank, Lakewood, Colo., approved to establish a branch in Colorado Springs, Colo. Old Missouri Bank, Springfield, Mo., approved to establish a branch in Mt. Vernon, Mo. Midland States Bancorp, Inc., Effingham, Ill., approved to acquire Alpine Bancorporation, Inc., Belvidere, Ill., and thereby acquire Alpine Bank & Trust Company, Rockford, Ill. Also Midland States Bank, Effingham, … Read more

State Filings – Midwest (December 2017)

Colorado Valley Bank & Trust, Brighton, authorized to merge with TBK Bank, SSB, Dallas. Bank of Colorado, Fort Collins, authorized to open branches in Fort Collins and Brighton. Illinois First American Bank, Elk Grove, authorized to merge with Southport Bank, Kenosha, Wis. Morton Community Bank, Morton, filed to merge with State Bank of Speer. Iowa … Read more

Public offering, acquisitions shape business at Byline Bank

Commenting to a business magazine on the future plans of Byline Bancorp Inc., chairman Roberto Herencia said, “We have a management team that is capable of running a much larger and more complex organization.”

That was in June, right as Byline launched the first Chicago area public offering of a bank stock in 15 years. Fast forward five months and Herencia’s words translated to action with its announced deal to purchase First Evanston Bancorp, Inc., in a stock and cash transaction deal valued at $169 million. [Continue]

Midland States Bancorp catches eyes of investors, community bankers

Midland States Bancorp, Inc., has concluded its purchase of fellow Illinois bank Centrue Financial Corp. That marks the 12th acquisition since 2008 by the Effingham, Ill.-based operator of Midland States Bank. There could be more, as Midland States has fresh SEC permission to sell as much as $165 million of new stock “to support the continued implementation of our organic and acquisitive growth strategies,” said Leon J. Holschbach, president and CEO. [Continue]