Banks make $55.2 billion in fourth quarter, $233.1 billion total in 2019
Banks pulled in net income totaling $55.2 billion in fourth quarter 2019, a decline of $4.1 billion (6.9 percent) from a year ago. They made $233.1 billion in 2019 as a whole, down $3.6 billion (1.5 percent) from 2018 ...
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Former U.S. representative will lead Illinois Bankers Association
Randy Hultgren, a former U.S. representative, has been selected to succeed Linda Koch as president and CEO of the Illinois ...
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Bankers band together to solve core issues
If there is one thing that frustrates bankers the most, it’s core issues, said Trey Maust, Lewis & Clark Bank, ...
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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 ...
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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
Iowa’s Community Bank names EVP
Joshua Gran was promoted to executive vice president and senior loan officer of Community Bank, Dunlap, Iowa ...
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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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Opinion
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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Personal touch still a plus
One of the important roles that community banks play in the American economy is providing credit to small businesses. What ...
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Messaging bots are the future of peer payments
Chatbots tend to be simpler to use than apps, are more visual and intuitive, solve a specific problem, and are ...
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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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