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Illinois banks issued 239,000 loans under the federal Paycheck Protection Program worth $29 billion to businesses affected by the coronavirus pandemic and collected at least $1.5 billion in fees ultimately paid by taxpayers, a Chicago Sun-Times analysis finds. Chicago-based BMO Harris Bank got the most money in fees: at least $232 million for handling 34,000 loans that totaled $6 billion that the banking company’s top executive has said contributed heavily to “a good” first quarter of 2021. BMO Harris’s PPP loans ranged from just $133 to the maximum amount allowed under the program $10 million. The 360 banks with headquarters in Illinois made loans through the program to businesses in all 50 states and four U.S. territories.

United statesNorthwestern universityNew jerseyDimitris papanikolaouSarah crozierIan mckendryPat nabong sunDimitris papanikolaDavidr casperMoira dolehideMichaell scudderPatrick oherlihyNorthwestern university kellogg school of managementFirst busey corpFirst midwest bancorpAlliance crozier