Similarities between historic and contemporary bank failures and what they mean for banks today
There have been more than 3,500 bank failures since the early 1930s. These failures aren’t ancient history ...
Supreme Court: CFPB funding structure constitutional
The U.S. Supreme Court has ruled the Consumer Financial Protection Bureau is constitutionally funded. ...
Lessons learned from regulatory response to Republic First Bank’s closure
Republic First Bank was closed by the Pennsylvania Department of Banking and Securities on April 26 with $5.9 billion in ...
Ag producers navigating labor shortage, financial stress
BankBeat spoke with five Midwest ag bankers in March, including Darla Sikora, Dave Yahnke, Nate Franzén, Heather Malcolm and Gary ...
Chronicles
South Dakota credit union to acquire branch of Minnesota bank
Sioux Falls, S.D.-based Levo Credit Union will acquire a Sioux City, Iowa, branch later this year from Spicer, Minn.-based Heritage ...
Rising expenses, high interest rates spurring pessimism
High interest rates, weakened agriculture commodity prices and rising grain storage expenses sparked a rise in pessimism this month, according ...
Small business owner sentiment improves, remains low
Small business owner sentiment improved last month but remains limited by inflation, according to the National Federation of Independent Business. ...
Federal judge issues injunction against late fee rule
A federal judge last week issued a preliminary injunction against the Consumer Financial Protection Bureau’s proposal to cap most credit ...
Alerus to acquire southeast Minnesota bank
Grand Forks, N.D.-based Alerus Financial will expand in southeast Minnesota by acquiring Rochester, Minn.-based savings and loan company HMN Financial ...
Consumer sentiment falls as inflation remains high
Consumer sentiment fell this month amid higher than expected inflation readings, according to the University of Michigan Surveys of Consumers. ...
People
Local business leader joins Bank First board
Erin Davis joined the board of directors of Manitowoc, Wis.-based Bank First. ...
Bank Midwest promotes insider to president
Kansas City, Mo.-based Bank Midwest named Charlie Koch president, effective June 15 ...
North Shore Bank promotes executive
Brookfield, Wis.-based North Shore Bank promoted Maria Baumer to VP, senior business relationship manager. ...
Opinion
A positive view on regulators and BaaS
Last month in this space, I wrote of my worry that regulatory over-caution could stifle innovation around bank-fintech partnerships, especially ...
One trait of a great leader: Humility
How do you want your followers — those whom you have had the great fortune to lead — remember you? ...
Vigilance needed on FHLBank guidance
The current interest rate environment is making it difficult to attract and/or retain deposits, so liquidity is top of mind ...
Community Relations
Forward Bank donates $75K to local school district
Marshfield, Wis.-based Forward Bank donated $75,000 to the Rib Lake School District to support updates to the school track ...
Wisconsin’s Prevail Bank donates $67,500 to local nonprofits
Medford, Wis.-based Prevail Bank donated $67,650 to 20 Wisconsin-based nonprofits last month through its semiannual Charitable Contributions program ...
Alerus donates $50K to Children’s Museum through partnership
Grand Forks, N.D.-based Alerus partnered with the Federal Home Loan Bank of Des Moines to award $50,000 to the Grand ...