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Banking & Finance

Fifth Third to close 44 local branch banks

By Richard Klicki
Jun 18, 2019 3:11 PM - Fifth Third Bank will close 44 Fifth Third and MB Financial branches in the suburbs and Chicago next month, part of the Ohio-based bank's move to streamline operations in the wake of its merger with MB Financial Bank last year.
Discover named Best Place to Work for IT

Jun 18, 2019 9:33 AM - Discover has been recognized by IDG's Computerworld as one of the 2019 Best Places to Work in IT.
Retirees worldwide may run out of money 10 years before they die, report shows

Ben Steverman
Jun 16, 2019 6:00 AM - From the U.S. to Europe, Australia and Japan, retirement account balances aren't increasing fast enough to cover rising life expectancy.
Dads find parental leave easier to get than to take

By Max Abelson and Rebecca Greenfield
Jun 16, 2019 6:00 AM - It's easier to tweak parental leave policy than to actually revamp the company culture that shapes the way people think and act.
Wauconda police warn people about financial scams after local residents, employee lose thousands

By Russell Lissau
Jun 13, 2019 9:02 PM - Wauconda police are warning people to be cautious with their money after two residents reported losing thousands of dollars to thieves running scams.
How to share a deed and a mortgage without an 'I do'

By SEAN PYLES of NerdWallet
Jun 13, 2019 6:38 AM - Nearly 25% of homeowners ages 18-34 purchased a house with their current spouse before marriage, according to a 2013 study from Coldwell Banker. That's in contrast to just 14% of those 45 or older.
Conte named president of Parkway Bank

Jun 12, 2019 9:17 AM - Randall T. Conte has been named President of Parkway Bancorp, the holding company of Harwood Heights-based Parkway Bank, the company announced.
Wintrust to acquire STC Capital Bank

Daily Herald report
Jun 6, 2019 2:17 PM - Wintrust Financial Corp. said Thursday it plans to acquire STC Bancshares Corp., the parent company of STC Capital Bank, in an all-stock deal valued at approximately $47.7 million.
CCU introduces interactive community program

Jun 5, 2019 1:00 AM - Consumers Credit Union has created "Sharing & Caring," a new program designed to provide a more personal level of outreach and engagement with members.
Wynnchurch Capital acquires two Allegheny Technologies facilities

Jun 4, 2019 1:00 AM - Wynnchurch Capital announced it has completed the acquisition of two closed-die forging facilities of Allegheny Technologies Incorporated.

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