Two Midwest Bank Chains To Lay Off Over 500

Big bank woes aren’t over yet for the Midwest (and possibly for the Nation as a whole), reports ChicagoBusiness. Those woes aren’t just a problems for the FDIC, or investors, or bank executives. Bank employees are taking a big hit as banks struggle in the aftermath of so many finance failures.

Ohio-headquartered FirstMerit Corp., which purchased the busted bank unit of Midwest Banc back in May, has announced that it will let go of 119 employees by September. That’s approximately a third of its entire staff.

In addition, Harris N.A., part of the Canadian concern, BMO Financial Group, has plans to close sixteen Chicago area branches and additional two in Wisconsin. Harris acquired the assets of now defunct Amcore in April. The branch closures will result in the loss 345 positions, almost half of its current payroll.

Career Connect (From our other career blogs):

Employment News (Sponsored by EmploymentSpectator)
Following Your Passion-Literally! (Sponsored by iamnotastalker.com)
Job Search Advice from the CEO of TravelingCrossing (Sponsored by aharrisonbarnes.com)
Layoff News (Sponsored by LayOffWatch)

Testimonial of the Week

What I liked about the service is that it had such a comprehensive collection of jobs! I was using a number of sites previously and this took up so much time, but in joining EmploymentCrossing, I was able to stop going from site to site and was able to find everything I needed on EmploymentCrossing.

John Elstner Baltimore, MD

+ Read More Testimonial

Only TravelingCrossing consolidates every job it can find in the domain and puts all of the job listings it locates in one place.

We have more jobs than any other job board.
We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites
We collect jobs from more than 4,429,376 websites and post them on our site.
We are private, and therefore far fewer people are applying for the jobs on our site than are applying for those on public job boards.