Taking nothing for granted: Advice for generation next
Business succession consultants rarely work with families unless the senior generation controlling the business commits to a transition. “I spend a lot of time working with the younger generation trying to effectuate change, and it’s hard,” said Larry Hause, principal of Hause Family Transitions ...
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Bank earnings increase to $71.7 billion due to record net interest margins
FDIC-insured institutions made $71.7 billion in the third quarter, an 11.3 percent increase from the previous quarter. ...
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Transition resources help family-owned banks prepare for succession
Within families that own banks, there can be a disconnect between parents who control the bank and children in line ...
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Deposits are ready to move
Banks are faced with two disparate pictures when they look at their cost of funds in 2022. Funding costs are ...
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Chronicles
Rising interest rates, inflation again limit U.S. economic growth
U.S. economic activity was limited in recent weeks as interest rates and inflation continued to limit growth, according to the ...
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Morton Community Bank expanding Illinois footprint with bank buy
Illinois-based Morton Community Bank is acquiring Springfield, Ill.-based Marine Bank. The merger is expected to close in the second quarter ...
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Midwest economy softening amid recession warnings
The Midwest economy is softening amid warning signs of a pending recession, according to Creighton University’s November Mid-America Business Conditions ...
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Chicago’s Byline Bancorp to expand suburban presence with $165M buy
Chicago-based Byline Bancorp, Inc., is acquiring Oak Brook, Ill.-based Inland Bank and Trust in a $165 million, cash-and-stock deal. The ...
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Financial system faces economic, technological risks
The stability of the global financial system continues to be tested by high inflation, slowed economic growth, and cryptocurrency safety ...
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Banking conditions remain stable in KC Fed region
Banking conditions in the Federal Reserve Bank of Kansas City region remained stable in the third quarter ...
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People
Midwest Independent Bancshares hires CFO
Jefferson City, Mo..-based Midwest Independent Bancshares, Inc., hired Vernon Kempker as chief financial officer. Kempker has more than 30 years ...
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Centier Bank promotes Yolanda Estrada to VP, manager position
Merrillville, Ind.-based Centier Bank promoted Yolanda Estrada to vice president, processing and underwriting manager. Estrada has spent nearly a decade ...
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Merchants Bank promotes Chad Woyczik to VP/deposit operations manager
Winona, Minn.-based Merchants Bank promoted Chad Woyczik to vice president/deposit operations manager. Woyczik joined the more than $2.6 billion Merchants ...
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Opinion
Don’t throw away the key!
Safe deposit boxes are falling out of favor, but I want to encourage bankers reading this to continue to offer ...
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Consider what might come next after software vendor acquisition
Selecting an enterprise or SaaS product for a bank is a complex task. You’ve involved multiple decision-makers, sat through endless ...
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Considering ‘brand’ as a recruitment and retention tool
Bankers often think of the word “brand” in terms of customer acquisition, but when competition for talent is fierce, should ...
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Community Relations
Northwest Bank donates $30K to local nonprofit
West Des Moines-based Northwest Bank donated $30,000 to Wesley Life Meals on Wheels. The donation is intended to help Wesley ...
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Prevail Bank donates to local nonprofits
Wisconsin-based Prevail Bank donated $1,000 to United Way of the Greater Chippewa Valley to support the nonprofit’s programs and services. ...
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Home Federal donates $3K in seed money to volunteers
Rochester, Minn.-based Home Federal Bank recently donated a total of $3,000 to three local residents as part of the bank’s ...
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