Adam Underhill

Community First Bank of Chicago closed by the FDIC

The FDIC continues to close banks at a rapid rate. U.S. regulators closed two banks in Georgia on Friday in addition to a Chicago bank.American Trust Bank of Roswell, Ga. was closed and will be acquired by...

College without debt can be a reality

Fall is a great time for most as they are watching their favorite football team, basketball season is right around the corner and the American pastime just wrapped up its season. Maybe you are looking forward to Thanksgiving, but...

First Midwest Bank President and CEO Schwartz set to retire

First Midwest Bancorp (NASDAQ: FMBI), based in Itasca, annouced today that President and CEO of First Midwest Bank Thomas J. Schwartz will retire during the first quarter of 2012. “During my 40 years of association with First Midwest...

Bank Failures, What to Expect

Many people have been concerned with the soundness of their bank and what will happen if the Federal Deposit Insurance Corp. decides it is time to shut them down. How do you know if your bank is safe? What will...

Fed to banks: No more NSF fees on debit cards

The Federal Reserve Board on Thursday announced final rules that will change the way banks charge customers fees for paying overdrafts while making purchases and at the automated teller machine (ATM). Customers will now have to “opt in&rdquo...

Baby Step 2: Pay off all debt using debt snowball

This is the second step in Dave Ramsey’s seven baby steps to financial peace. In the first baby step we started a “baby” emergency fund by saving $1000 as quickly as possible. We did this by...

Dave Ramsey's Baby Steps to Financial Peace

Baby Step #1: Save $1000 in an emergency fund This sounds simple yet it can be the hardest of all of the Baby Steps. When you make the decision to put $1000 in a savings account as an emergency fund...

Chicago suburban bank needs to raise capital

Cash is king and banks are being reminded of that fact more in more in 2009.Founders Bank, a local suburban bank, is faced with raising $50 million in new capital according to the Chicago Tribune.Founders Bank has locations...

G-20 proves worldwide disease

This disease has struck China, Russia, Germany and the United States. It is quickly making its way from London to Main Street.It is deadly today just as in Biblical times.According to Money.com in Peter Gumbel...

Insurance up to $50 million

As the banking system continues to shed itself of extra baggage there are ways to make sure your money is safe. First, sit down with you banker to get an explanation of how the FDIC Insurance works. ...

Currently in Los Angeles