Billtrust Expands Presence In Chicago

PYMNTS

Accounts receivable automation firm Billtrust announced that it is expanding its presence in Chicago. Chicago has been an incredible host to Billtrust, and we are thrilled to be growing our team there,” Billtrust CEO Flint Lane said in the announcement. “We’ve Payment Methods accounts receivable B2B Payments Billtrust Chicago News What's HotDue to its rapid growth, the firm is moving its office to the 28th floor of 125 South Wacker Drive.

Tech Center: Chicago On Deck

PYMNTS

Chicago is more than just the place the Chicago Cubs and Bulls call home. Bubbling under the surface of Chicago lies an up-and-coming tech center. Given that many large cities in the United States have increasingly become places for tech startups, it’s natural to see Chicago as one of the next tech centers. Before we jump into the post, here are a few quick facts about Chicago and its tech scene: . Chicago’s population is 2,720,546 (2015).

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Chicago, Mastercard And GCBA Launch Tech Pilot Program

PYMNTS

The program is a pilot that will come at zero cost to Chicago taxpayers. An evaluation of the pilot will identify insight for the future of the business, city and tech communities working together. In terms of the tech business in Chicago, it calls itself a “living lab” within which GCBA can explore certain issues. Partnerships / Acquisitions Chicago FinTech GCBA hany fam london MasterCard partnership Tech What's Hot

OCC penalizes Chicago bank at center of Manafort bribery scandal

American Banker

Financial crimes Community banking Regulation and compliance

Discover opening call center in low-income Chicago neighborhood

Payments Source

The operation will employ 1,000 people in a predominantly Black community. The move is part of the city's push to create job opportunities beyond the downtown area. Diversity and equality Discover Credit cards

Amalgamated Financial terminates merger with namesake Chicago bank

American Banker

FDIC M&A Community banks

Old Second Bancorp buying West Suburban to bulk up in Chicago

American Banker

Illinois M&A Community banks

Amalgamated Financial buying namesake Chicago bank for $98 million

American Banker

Community banking M&A

Byline in Chicago joins list of community banks closing branches

American Banker

Revenue and expenses Branch network Community bankingThe company will shutter a fifth of its locations, while reinvesting some of the savings in its digital banking platform.

Perficient Named a 2020 Best & Brightest Company to Work For in Chicago

Perficient

We are proud to announce that the Perficient’s Chicago office has been named a 2020 Best and Brightest Company to Work For ! Our Chicago office has earned this award several times over the past few years. The Chicago team celebrating their Best and Brightest Award win in 2019.

COVID-19 Scams Target The Business Community

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Reports in ABC 7 Chicago said the FTC is notifying small business owners about the threat of an email scam, with messages issued to businesses claiming to be from the Small Business Administration Office of Disaster Assistance.

Chicago de novo bank effort cleared to raise capital

American Banker

Community banking Capital De novo institutions WIB scan IllinoisOrganizers of First Women's Bank have also filled two key executive posts.

MB Financial in Chicago Adds IT Specialist to Board

American Banker

MB Financial in Chicago has appointed an executive from an advanced analytics company to its board. breaking_news bank-technology people corporate-governance il community-bankingThe $19 billion-asset company said in a press release Thursday that Sunil "Sonny" Garg is the energy solutions leader at Uptake.

Chicago's Federal Savings Purchases ICC Mortgage Services

American Banker

Federal Savings Bank in Chicago has acquired the assets of ICC Mortgage Services in Westbury, N.Y. breaking_news community-banking consumer-finance dealmaking-strategy

Amazon Opening Package Pickup Spot At Chicago’s University Of Illinois

PYMNTS

15) that it has entered into an agreement with the University of Illinois at Chicago to open a package pickup location inside the student center on the UIC campus, Amazon said in a press release. We couldn’t be more excited to bring Amazon to campus and continue to elevate the services we provide our community,” J. We are thrilled to offer the UIC community more opportunities to save on their overall costs along with great customer service, better selection and convenience.”.

Discover opening call center in low-income Chicago neighborhood

American Banker

The operation will employ 1,000 people in a predominantly Black community. The move is part of the city's push to create job opportunities beyond the downtown area. Diversity and equality Discover Credit cards

Gonzo Goes to BAI Retail Delivery 2014: Sweet Home Chicago?

Gonzobanker

ACI was talking up wins at SpaceCoast Credit Union, Langley Credit Union and some community banks; Alkami at EverBank and Spokane Teachers Credit Union; Maluazai some new core partnerships; Q2 at a Top 100 CU; InfoSys at Eastern Bank; and startup D3 talked about its signings of Arvest and another soon-TBA $25B bank deal. To Chicago’s Ristorante Volare, which greeted a few thirsty GonzoBanker readers with a champagne bucket full of Bud.

Royal Financial in Chicago to Sell $26M in Distressed Assets

American Banker

Royal Financial in Chicago has agreed to sell $25.8 million of distressed assets associated with its pending purchase of Park Bancorp in Chicago. breaking_news community-banking m-a il dealmaking-strategy

Facebook Is Getting More Community-Minded

PYMNTS

In a posting on his Facebook page, CEO Mark Zuckerberg shared the news that the social network company’s new mission is to “give people the power to build community and bring the world closer together.” To support that effort, Zuckerberg is in Chicago meeting with people who run Facebook groups. “If Facebook has decided to modify its mission statement slightly so as to better highlight its support for various types of hobbies, social groups, and social justice organizations.

CIBC to Buy PrivateBancorp in Chicago for $3.8 Billion

American Banker

Canadian Imperial Bank of Commerce in Toronto has agreed to buy PrivateBancorp in Chicago for $3.8 breaking_news community-banking m-a dealmaking-strategybillion, finally giving the Canadian bank a meaningful retail presence in the United States.

Black-Owned Chicago Bank's Rescuers Have Turnaround Plan

American Banker

One of the last surviving black-owned banks in Chicago was rescued from its loan-related woes by a Ghanaian-American family. breaking_news dealmaking-strategy law-regulation strategic-alternatives capital enforcement il occ community-banking

MB Financial in Chicago Overhauls Executive Team

American Banker

breaking_news people womenin-banking il community-bankingRandy Conte, the $15.6 billion-asset bank's chief operating officer, will become chief financial officer on April 30 and remain operating chief.

CIBC to Buy PrvateBancorp in Chicago for $3.8 Billion

American Banker

Canadian Imperial Bank of Commerce in Toronto has agreed to buy PrivateBancorp in Chicago for $3.8 breaking_news community-banking m-a dealmaking-strategybillion, finally giving the Canadian bank a meaningful retail presence in the United States.

First Midwest Bancorp to Move HQ to Chicago in 2018

American Banker

First Midwest Bancorp will move its headquarters to Chicago from Itasca, Ill., breaking_news cre il community-bankingnext year. The $11.6 billion-asset company will open an 80,000-square-foot office in the spring of 2018.

What Overbanked Chicago Augurs for the Future of M&A

American Banker

community-banking national-regional m-a consolidation commercial-lending dealmaking-strategyThe Windy City is littered with small, privately held banks, some of which are looking to sell. Here is an overview of the challenges — and possible solutions — faced by those banks and ones like them in clogged banking markets around the country.

Tiny Chicago Area Bank Emerges as Big SBA Lender

American Banker

West Town Bancorp in Illinois has revved up its government-backed lending to small businesses, making it a good example of how community banks can outhustle big lenders in the quest for new sources of fee income. dealmaking-strategy fee-income commercial-lending sba small-business il mortgage community-banking

A $26.5M Settlement Between FDIC, Leaders of Failed Chicago Bank

American Banker

breaking_news law-regulation fdic enforcement il community-bankingThe former officers and directors for Midwest Bank & Trust have reached a $26.5 million settlement with the Federal Deposit Insurance Corp. over charges of negligence during the financial crisis.

A 'Road Map' Around Rate Risks, Courtesy of the Chicago Fed Chief

American Banker

breaking_news community-banking dealmaking-strategy interest-rates fed commercial-lending law-regulationLOUIS – Risk management is critical as small banks aim to make money in a low-rate environment.

Groupon Goes Local And Uptown

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In an effort to help promote local businesses for National Small Business Week next week, Chicago’s Uptown Chamber group Business Partners joined up with Groupon for a community event called Discover Uptown Collection. We’re excited about how the campaign incentivizes people to come check out our neighborhood and gives them an opportunity to help local schools — making it a win-win for the entire community.

Umpqua Bank reimagines the customer experience

Payments Dive

At last week's Bank Customer Experience Summit in Chicago, Brian Read explained how his bank integrates itself into the surrounding community

11 Blockchain-Focused Startup Incubators as Unconventional as the Technology

Let's Talk Payments

As the blockchain-focused community of entrepreneurs expands worldwide, so does the ecosystem aimed to support and nurture top-performing solutions. Bitcoin blockchain Innovation Insights 1776 Adel Asia BitHub Block Chain Space Blockchain Trust Accelerator Chamber of Digital Commerce Chicago Bitcoin Center DC Blockchain Center Digital Currency Group Distributed Vision Europe insights Outlier Ventures Satoshi Studios US ZhongAn Technology

Chicago, SBA Lending to Factor Heavily in Huntington's Growth Story

American Banker

CEO Steve Steinour also credits his company's willingness to make big upfront community commitments for a seamless approval process. The Ohio company is eager to rev up SBA lending in the Windy City now that it has closed on its purchase of FirstMerit. national-regional small-business performance m-a consolidation commercial-lending il dealmaking-strategy

Ohio 28

Reinventing Main Street, One Scoop Of Cookie Dough At A Time

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He first experienced it in his youth in the city of Chicago at specialty shops. But Chicago, a city of nearly 3 million people, unsurprisingly has somewhat more variety in its dessert offerings than Bowling Green, Kentucky — a city of approximately 65,000. . Dahlquist is happy his store is a success so far, but what he really wants is to see his shop be the first of many in the downtown area that connects the community at large to the university about two blocks away.

Maine 100

Uber Of X: Thanks To Networking App, No More ‘Table For One’ Requests

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Launched in October 2016 out of 1871 in Chicago, the company has quickly integrated with Google, Facebook and Yelp and is currently available through an iOS networking app. TS: We want to build a community so that people can expand their network while doing their daily activities. uber of x 1871 app Chicago dinehero dinner eating food iOs lunch networking app Uber of X What's Hot

Stock Yards to Add $2.6B Through Commonwealth Acquisition

Banking Exchange

Plus: Chicago banking groups Old Second and Finward announce acquisitions Community Banking Feature3 Feature Management M&A. 1Community Banking