FDIC banks’ Q4 net income at $59.9 billion
The total net income of banks and savings institutions insured by the Federal Deposit Insurance Corporation was $59.9 billion in the fourth quarter of 2020. Due in part to a reduction in provision expenses, the quarterly net income increased 9.1 percent from what it was the year before. Community banks ...
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Experts see economy taking flight with federal help
We can all be excused for feeling déjà vu — 2021 does feel a little like 2009, the last time ...
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Bowman addresses Fed’s approach to community banking supervision
The Federal Reserve Board is putting an increased focus on renewable technology, according to a speech from Governor Michelle Bowman ...
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Structured for Equity
The third round of PPP funding was released in December. In the first two rounds, “who got the short end ...
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Chronicles
PPP prioritizes smallest businesses
The Biden administration announced a two-week period in which only businesses with fewer than 20 employees can apply for PPP ...
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Farm economy rebounds in Tenth Fed
Outlook for farm income and ag credit conditions rebounded in the fourth quarter of 2020, according to the Kansas City ...
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Midland States acquires Chicago trust company
Illinois-based Midland States Bank is acquiring Chicago’s ATG Trust Company, which has $387 million in assets under management ...
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Fed study reveals racial disparities in small-business lending
Though banks are the most broad-reaching lending channel for small businesses, many business owners do not seek funding from banks, ...
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Unison, Security State merging
A pair of North Dakota banks will be merging later this year. Unison Bank in Jamestown is acquiring Security State ...
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Cornerstone buys Tilden bank
York, Neb.-based Cornerstone Bank has completed its acquisition of The Tilden Bank, Tilden, Neb ...
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People
Dunlap bank promotes president
Josh Gran has been named president and CEO of Community Bank in Dunlap, Iowa. He replaces Jay Randall in the ...
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Muscatine bank names new president
Debra Lins is taking over as president and CEO of First National Bank of Muscatine, Iowa. She replaces Scott Ingstad ...
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Northview Bank names president
Paula Diaz was appointed president and CEO of Northview Bank in Finalyson, Minn., at the beginning of the month ...
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Opinion
The year ahead: Privacy and cybersecurity issues
The financial services industry faced unprecedented cybersecurity and privacy challenges in 2020. From learning how to operate with a remote ...
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Security, productivity inform the evolution of communications platform
Remote meeting technology can be dressed up, or clothed as business casual. David Gurlé is founder and CEO of Symphony ...
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Being ‘better’ … once again
Pandemic, civil riots, contentious (and contested) elections — and this wasn’t a dystopian movie script. This describes the year 2020 ...
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Community Relations
Unison Bank makes donation touchdown
North Dakota’s Unison Bank is contributing $500,000 to a football field and track renovation project for the University of Jamestown ...
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Iowa banks underwrite library building
The Marion, Iowa, public library’s campaign to raise funds for a new building has gotten a boost from a group ...
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American Bank of the North donates $5,000 to Hibbing Dylan Project
On the brink of Bob Dylan’s 80th birthday, American Bank of the North is supporting efforts to pay tribute to ...
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