Banks’ potential enhanced by tech
If you understand your customers enough to anticipate their needs, you have a better chance of winning them over as lifelong customers. ...
Banks have proven their ability to set capital standards
The basic notion has been for some time that we want to have risk-based capital standards, and we want to ...
Banks seeking suitable fintech products are investing
Banks have been utilizing fintech since at least the creation of the abacus, but until recently, community banks have not ...
Seven tips for community banks to prepare for union organizing
As unions aim to organize new industries, financial institutions have not been immune ...
Chronicles
Manufacturing output grew in February as weather improved
Manufacturing output increased 0.8 percent in February as firms recovered from severe weather conditions the previous month, according to the ...
FDIC Vice Chair criticizes agency’s approach to digital assets
The FDIC’s current approach to blockchain and distributed ledger technology has “significant downsides,” said Vice Chair Travis Hill in a ...
Small business owner sentiment remains low
Small business owner sentiment remains stunted by inflation, according to the National Federation of Independent Business. ...
Report: DDoS attacks reached record size in ‘23
DDoS attacks reached records in both size and sophistication last year, with the financial sector being the No. 1 target ...
Economic activity increased in recent weeks
Economic activity has increased since the start of the year, according to the Federal Reserve Beige Book. ...
Supply manager optimism fell in February
Supply manager sentiments fell slightly last month amid continued job losses in the regional manufacturing sector, according to the Mid-America ...
People
Centier Bank names VP of community relations
Merrillville, Ind.-based Centier Bank promoted Dakita L. Jones to vice president of community relations, the bank’s philanthropic division ...
Bank Midwest hires executive vice president
Spirit Lake, Iowa-based Bank Midwest hired Kathy Thorson as executive vice president of client experience as the bank continues to ...
United Prairie Bank names president, CEO
Mankato, Minn.-based United Prairie Bank appointed Scott Miller president and CEO. ...
Opinion
Finalized CC late fee rule ignores reality
The Consumer Financial Protection Bureau’s recent capping of credit card late fees at $8 continues the bureau’s erroneous view of ...
Payment option jeopardized by CC bill
Earlier in my life I was an all-cash guy, but now I am an all-plastic guy. Credit cards have evolved ...
#QuickTakes: Lance Caldwell
BankBeat’s Tom Bengtson discusses the challenges bankers are facing with Lance Caldwell, sales director in the Capital Markets Division of ...
Community Relations
American Bank & Trust donates $50K to local schools
Sioux Falls, S.D.-based American Bank & Trust donated $50,475 to local schools this year through its Spirit Card Program. ...
One Community Bank donates $5K to local nonprofit
Oregon, Wis.-based One Community Bank donated $5,000 to Madison, Wis.-based nonprofit The Village Diaper Bank and collected diapers at its ...
Ixonia Bank secures $25K grant for local development company
Ixonia Bank in Wisconsin secured a $25,000 Community First Accelerate Grant to Melissa Nicole Allen, president of woman-owned real estate ...