Amcore Bank may be on auction block for takeover :: The Courier News :: Local News

The end maybe soon. Many newspapers are talking about it.

Williams-Young did confirm that the FDIC recently rented office space at 200 N. Martingale Road in Schaumburg, where "as many as 500 nonpermanent staff and contractors" will work "to manage receiverships and liquidate assets from failed financial institutions, primarily located in Midwestern states."

FDIC spokeswoman LaJuan Williams-Young said Tuesday that her agency cannot comment on the situation. The comptroller of the currency and FDIC act secretively when a bank is taken over involuntarily, typically not even announcing that to the bank's employees until closing time on a Friday night.

Amcore Bank may be on auction block for takeover :: The Courier News :: Local News

City of DeKalb must release names of the applicants for the 3rd Ward Alderman

It is pretty clear—heads of government units must release the name of all applicants for appointed positions.

The Illinois Attorney General’s Office ruled that the city of DeKalb must release names of the applicants for the 3rd Ward Alderman Tuesday.
This comes after the Northern Star filed a Freedom of Information Act with the city on Jan. 13, requesting the names of the applicants for the 3rd Ward Alderman position.

Public Access Counselor Cara Smith wrote “... The City has failed to establish either that disclosure of the applicants’ names would be highly personal or objectionable to a reasonable person or that the applicants’ right to privacy outweighs any legitimate public interest in obtaining information about the people seeking appointment to this public office. City aldermen are public officials who represent the residents of their ward on the City Council... As a result, when this public office becomes vacant, citizens have a legitimate interest in knowing who has applied for the position so that they may evaluate whether the individuals are qualified to represent a particular ward and discern why one applicant was appointed over others.”

Click on the following for more details:  NorthernStar Newspaper | Article

Village of Algonquin to Petition Court for Demolition of AMCORE’s Riverside Square|

Algonquin – At its March 16 Board Meeting, the Village Board of the Village of Algonquin approved a motion authorizing the Village Attorney to file suit against the owner, Amcore Bank, any and all lien holders and other interested persons, asking the court to order demolition of the half-finished structure at the intersection of Illinois Routes 31 and 62.

Click on the following for more details:  McHenry County Blog |

Reichert Chevy/Buick in Woodstock and Crystal Lake set to go to arbitration over dealers

Has anyone hear about Wolf Chevy and Wolf GMS-Cadillac in Belvidere?

[Attorney]Coen … recommended that Reichert use an experienced arbitration attorney from Chicago to make his case. The hearings are supposed to begin within 180 days of the arbitration agreement, which was made in late December.

Though the Crystal Lake lot of Reichert’s looks sparse, he said the dealership had 40 cars on the Crystal Lake lot and 20 on the Woodstock lot.

“The Woodstock lot looks OK, but the Crystal Lake lot looks empty because it’s used to having 200 cars,” he said. “It’s just a lot of blacktop out there.”

Click on the following for more details[this link is free for only 7 days]:  Business Journal | Reichert set to go to arbitration over dealers