Illinois pension debt tops $300 billion - highest in the nation
Peter Hancock, Capitol News Illinois
March 6, 2021
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A report by the credit rating agency Moody’s says Illinois will set a new record this year when it reports a total net pension liability of more than $300 billion the highest of any state in the nation.
As of June 30, the total unfunded liabilities of the state’s five pension systems stood at $317 billion, a 19% increase from the prior year, according to the report. That largely was due to historically low interest rates, which have depressed pension fund earnings throughout the country.
CNB expands Wealth Management division
Dec. 17, 2020
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Pictured, from left, are Wendi Bolin, Deneen Messer, Darren Wright, Norma Bellcoff, Joshua Schuette, Amy Warren, Christina Kaus, Pamela Ramsey and Bryan Gorman.
ALTON CNB Bank & Trust has announced an expansion within its Alton, Edwardsville and Glen Carbon markets by adding nine members to its Wealth Management team.
Darren Wright, Norma Bellcoff, Deneen Messer, Amy Warren, Josh Schuette, Pam Ramsey, Wendi Bolin, Bryan Gorman, and Chris Kaus have more than 225 years of combined financial services experience.
“We are excited to add these talented Wealth Management professionals to the CNB team,” said Andrew Tinberg, senior executive vice president & chief banking officer. “Their expertise and community involvement will serve valuable for our markets and aligns perfectly with our overall mission.”