A 2010 rule that limited the amount merchants can be charged for debit card transactions is costing banks millions of dollars and those costs are being passed on to consumers, according to a report from the Federal Reserve Bank.
Recent News About First Midwest Bancorp, Inc. View More
The Federal Reserve has approved Itasca-based First Midwest Bancorp's planned acquisition of NI Bancshares Corporation, the holding company for The National Bank & Trust Company (NB&T) based in Sycamore.
First Midwest Bancorp said this week that it has entered into a definitive agreement to acquire Peoples' Bank of Arlington Heights. “We are very pleased to announce this transaction and look forward to welcoming the customers and employees of Peoples' Bank to First Midwest," Michael Scudder, president and CEO of First Midwest, said.