Costing-out the loan process to maximize profit
Do you know how much it costs your bank to process a loan? If the answer is “no,” then how do you know if you are making (or losing) money on the loans you originate? Banks of all sizes experience pressure on profits. Certainly a variety of forces are contributing ...
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Regulators work through crisis with bankers
Regulators are reducing exam schedules, making it easier for banks to do business online, waiving notification requirements and taking other ...
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More ways businesses may regret getting stimulus loans
It the bank knows a business personally, the face time will be worth it. Digital applications will, this time, take ...
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COVID-19 and the looming ransomware threat
In today’s uncertain workplace reality, C-suite executives at financial institutions seem to have an endless list of urgent priorities requiring ...
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Chronicles
Indiana bank switches charters
Peoples Bank SB, Muncie, Ind., has converted from an Indiana-chartered stock savings bank to an Indiana-chartered commercial bank ...
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Unity Bank buys First Citizens in Montana
Augusta, Wis.-based Unity Bank has completed its acquisition of First Citizens Bank of Polson, Mont., its first office in the ...
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Deals called off amid pandemic
A pair of recently announced bank M&A deals, including one involving a credit union, have been put on ice during ...
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Three of four banks restructuring farm loans
Almost three quarters of respondents to the monthly the Creighton University Rural Mainstreet Index survey have restructured farm loans to ...
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Otting to leave OCC
Joseph Otting plans to resign from his position as Comptroller of the Currency. His last day will be May 29 ...
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Security Financial to buy Jackson County Bank
Durand, Wis.-based Security Financial Services Corporations has agreed with Wisconsin Bank Services, Inc., to acquire its subsidiary Jackson County Bank, ...
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People
QCR, Bank First name directors
QCR Holdings, Molin, Ill., and Bank First, Manitowoc, Wis., added new directors to their boards ...
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First State in Bayport names president
Jason Howard has been named president of First State Bank & Trust, Bayport, Minn., as part of the bank’s planned ...
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Wisconsin Bank & Trust hires new CEO
Wisconsin Bank & Trust, Madison, Wis., a subsidiary of Heartland Financial USA Inc., hired Brent Giles as its new CEO ...
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Opinion
#QuickTakes: Brian Love
Brian Love, head of depository search with The Travillian Group, lays out how the pandemic is affecting HR and staffing, ...
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#QuickTakes: Dwight Larsen
Dwight Larsen, president/CEO of United Bankers' Bank in Bloomington, Minn., shares his thoughts on how the pandemic has changed the ...
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Six feet of separation scraps interactions, postpones shows
By March 31, three out of four Americans worked from home. Bank lobbies were locked, phone lines redirected, video chats ...
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Community Relations
Security Financial stocks shelves
Area food pantries will be able to buy more food for those in need in five area communities thanks to ...
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First Farmers gives food banks a boost
Converse, Ind.-based First Farmers Bank & Trust, in partnership with pork producers and processors throughout the state, has initiated a ...
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Kerndt Brothers Bank makes a splash
Kerndt Brothers Bank in Lansing, Iowa, recently announced a donation of $5,000 to support the New Albin Improvement League’s Splash ...
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