Mergers And Acquisitions
First Midwest Bancorp Inc. is buying out a south suburban bank in a deal valued at $58 million.
HAMMOND | An immigrant saloon-keeper who had the neighborhood's only safe in his dance hall founded Peoples Bank in East Chicago in 1910, when the shining new steel mills brought in thousands of new residents, mostly from eastern and southern Europe.
MUNSTER | Northwest Indiana Bancorp, the parent company of Munster-based Peoples Bank, posted a 14.2 percent bump in profits after completing its acquisition with Hammond-based First Federal.
A Muncie-based bank has completed its $140 million acquisition of Citizens Financial Bank, which has been making loans and taking deposits in Northwest Indiana since 1934.
MICHIGAN CITY | Horizon Bancorp, the parent company of Michigan City-based Horizon Bank, will grow its footprint in Michigan after buying the smaller Summit Community Bank through a stock and cash merger.
Struggling Maryland-based steelmaker RG Steel LLC has filed for Chapter 11 bankruptcy protection in Delaware.
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