The 2 percent solution: An argument for reparative investment
There are about 4,700 banks in America. Only 21 are Black-owned and they have less than $5 billion in assets. The total amount of assets in U.S. commercial banks is $20 trillion. So if you think about structural racism and access to capital — and 70 percent of African American ...
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Earnings dip for active Indiana PPP lender
First Merchants, Muncie, Ind., reported income of $33 million for the second quarter compared to $41.1 million during the same ...
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Top performer in Wyoming a community pillar as well
Wyoming Bank & Trust has been one of the state’s top performers for a while, but its stellar credentials don’t ...
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Central ag states rebound as restaurants continue to struggle
Since falling to a record low in April, the Creighton University Rural Mainstreet Index has increased for six straight months, ...
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Chronicles
First Midwest closing branches
Chicago’s First Midwest Bank is consolidating 17 branches early next year, or about 15 percent of its network ...
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United Fidelity assumes deposits of Florida bank
First City Bank of Florida, Fort Walton Beach, was closed Oct. 16, and its deposits were assumed by United Fidelity ...
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Kansas bank buoyed by agriculture
Landmark National Bank in Manhattan, Kan., posted a record $5.1 million earned in the second quarter, compared to $2.1 million ...
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Michigan bank group holding steady
Southern Michigan Bancorp, Coldwater, which operates three slightly different “Southern Michigan Bank” brands, earned $1.8 million in the second quarter ...
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Indiana bank opens new branch, tweaks name
State Bank, Brownsburg, Ind., is opening a new office in Carmel, Ind., and adjusting its name to reflect its current ...
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Northwest closing Indiana branches
A Pennsylvania bank is closing 11 offices in Indiana as part of a broader network streamlining effort ...
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People
Stebbins joins Ixonia as CFO
Peggy Stebbins has been hired by Ixonia Bank in Wisconsin as chief financial officer after time with First Business Financial ...
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Stearns names CCO
Jeff Hanson has joined Stearns Bank, St. Cloud, Minn., as chief credit officer after stints with AgriBank and CoBank ...
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Bremer names diversity, talent acquisition SVP
Colette Campbell is joining Bremer Bank as senior vice president of talent acquisition and diversity, equity and inclusion. In that ...
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Opinion
Pandemic raises stakes on debit card issue
The 10th anniversary of the Dodd-Frank Act came in the midst of the pandemic, when debit card usage was surging ...
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Is your board an ‘asset’ or an ‘audience’?
As a director serving two boards, I can tell you that 2020 reinforced its no-star rating by the challenges it ...
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Digital marketing meets the needs of the moment
Fintel Connect is a Vancouver-based digital marketing firm that works with U.S. banks. Nicky Senyard, founder and CEO, talked with ...
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Community Relations
MidCountry donates to vet organization
The PenFed Foundation in Virginia has received a $100,000 donation from MidCountry Bank, Bloomington, Minn., to help it empower military ...
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Pioneer Bank donates water bottles
Mankato, Minn.-based Pioneer Bank is pleased to donate 5,000 water bottles to students at area schools for the start of ...
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DePaul receives First Midwest grant
First Midwest Bank has provided a $500,000 gift through the First Midwest Charitable Foundation to support DePaul University finance students ...
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