Community bankers find little to love with core providers
Gather a group of community bankers and you’ll quickly find their common ground: A bad experience with a core processor. Their complaints might focus on lack of responsiveness, steep conversion or deconversion fees, or brutal terms to terminate a contract early; whatever the problem, the result is frustration ...
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The past, digitized for future generations
The Federal Reserve Bank of St. Louis has long been invested in collecting banking data. It started in 1961, when ...
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‘Blind Eye’ litigation and what it means for banks
One of the newest trends in banking litigation is the proliferation of “blind eye” fraud claims. The law underlying these ...
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Banking core startup seeks to be an alternative
Neocova is a St. Louis-based fintech startup that has dropped in to the core provider market for community banks. BankBeat ...
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Chronicles
Nicolet, Commerce merging in Wisconsin
Green Bay-based Nicolet Bankshares, Inc., is acquiring Commerce Financial Holdings, Inc., in a deal worth $130 million ...
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Farmers and Merchants Bank assumes deposits of failed Nebraska bank
Ericson State Bank in Ericson, Neb., was closed by the Nebraska Department of Banking and Finance. The $100 million bank ...
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Heartland Financial USA to buy AIM Bancshares
Dubuque, Iowa-based Heartland Financial USA, Inc., is acquiring AIM Bancshares, Inc., and its subsidiary AimBank, both of Lavelland, Texas, for ...
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Michigan bank plans for the future
Mercantile Bank of Michigan, Grand Rapids, has its eyes on long term profitability, which has not diminished short term gains. ...
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Chicago bank jumps into Milwaukee
After two acquisitions, First Midwest Bank, Chicago, closed the third quarter having generated a company record net income of $54.5 ...
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Minnesota CU, bank ink deal
Wings Financial Credit Union has agreed to buy Neighborhood National Bank, Mora, Minn ...
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People
Great Western announces new CEO
Mark Borrecco has been named the new president and CEO of Great Western Bancorp, Sioux Falls, S.D. He replaces Ken ...
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Minnesota bank announces new CEO, board member
Citizens Bank & Trust Co., Hutchinson, Minn., promoted Timothy Ulrich to CEO. Ulrich is on the $216 million bank’s board ...
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Departing wisdom from IBA’s Linda Koch
As part of Linda Koch’s job as president and chief executive officer of the Illinois Bankers Association, she’s driven the ...
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Opinion
Recent wet weather puts a damper on ag
“Weather has been one of the big issues [in 2019] that has impacted agriculture. It started in the spring and ...
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Population trend demands creativity
Did you hear about the rural resident who came up with a creative way to deposit cash into his bank ...
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Tech company brings something unique: Longevity
Computer Service Professionals, Inc., Jefferson City, Mo., has been serving up tech solutions to community banks since 1988. We talked ...
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Community Relations
Iowa bank to host economic development forum
TS Bank, Treynor, Iowa, will host the first southwest Iowa community and economic development forum in late February, partnering with ...
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Bank aids community recovery from summer floods
First National Bank of Omaha, Neb., is partnering with its community in 2020 to award grants totalling more than $825,000 ...
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Bank brings in a quarter-million pounds of food in 10 days
Merchants Bank, Winona, Minn., garnered almost a quarter-million pounds of food in its 10-day-long fundraising event for the holidays ...
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