Fifth Third Bancorp on March 22 announced it completed its purchase of Chicago-based MB Financial Inc. MB systems will switch over to Fifth Third in early May. Fifth Third in a statement said it will be business as usual for MB Financial until the conversion is completed. Fifth Third’s purchase of MB Financial likely will […]
NorthWest Indiana Bancorp, Peoples Bank complete purchase of Illinois-based AJS Bancorp Inc.
NorthWest Indiana Bancorp of Munster, the parent of Peoples Bank SB, announced Jan. 24 it had completed its purchase of AJS Bancorp Inc. and its wholly-owned subsidiary, A.J. Smith Federal Savings Bank of Midlothian, Ill. in a stock and cash transaction. The company announced the deal on July 31. A.J. Smith Federal Savings Bank operated […]
Greater Niles (Mich.) Chamber of Commerce forms from merger of two business groups
The Greater Niles (Mich.) Chamber of Commerce has emerged from the completed combination of the Four Flags Area Chamber of Commerce and Southwest Michigan Economic Growth Alliance. The boards of directors for both organizations announced the merger was completed in late December after more than a year of discussions to bring the business groups together. […]
NorthWest Indiana Bancorp, Peoples Bank closes purchase of First Personal Financial Corp., First Personal Bank
MUNSTER – NorthWest Indiana Bancorp, parent of Peoples Bank, announced July 26 it has completed its acquisition of First Personal Financial Corp. and its wholly-owned subsidiary, First Personal Bank of Orland Park, Ill. in a stock and cash transaction. “We are excited to establish a physical presence within Orland Park, Lemont, and Chicago (Garfield Ridge), […]
Indiana Gaming Commission approves Penn National Gaming’s purchase of Pinnacle Entertainment
Penn National Gaming Inc. announced June 28 the Indiana Gaming Commission approved the company’s plan to buy Pinnacle Entertainment Inc. Timothy J. Wilmott, CEO of Penn National said gaining approval for the deal from Indiana is another step in the process to close the transaction. “We appreciate the diligent work of the Indiana Gaming Commission […]
Indiana-based Anthem Inc. to acquire Aspire Health
Health insurance giant Anthem Inc. will acquire Aspire Health, the nation’s largest non-hospice, community-based palliative care provider. “Aspire Health shares our perspective on the increasingly important role of integrated care and has built a unique model that provides palliative care and support services for patients and their families,” said Gail K. Boudreaux, president and CEO […]
Fifth Third Bancorp, MB Financial Inc. merging operations
Cincinnati-based Fifth Third Bancorp and MB Financial Inc. will merge operations in a stock and cash transaction valued at $4.7 billion. MB Financial is the holding company for MB Financial Bank, which has about $20 billion in assets and has served the Chicago area for more than 100 years. The deal still is subject […]