Holding onto tradition
Data on the FDIC website shows that 2,469 insured institutions were chartered in 1922 or earlier. These centenarians and other long established banks generally have a rich tradition. If you work in one of these banks, I think this is your moment ...
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When money can’t be touched, how can we teach what it means to hold it?
Not long after I had my first child, I got her a piggy bank. I knew it would be important ...
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Should your bank provide cryptocurrency services?
Cryptocurrency is a new and developing area, requiring diligent consideration and ongoing monitoring of all the legal and regulatory factors ...
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Modernize the ag lending process to stay competitive
In today’s ultra-competitive environment, banks are challenged to speed lending decisions with confidence and attract more farmers with convenient digital ...
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Chronicles
Small business optimism stunted due to inflation, worker shortage
Small business optimism remains historically low as high inflation and labor shortages continue, according to an NFIB report ...
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House committee vote on digital currency possible next month
The House Financial Services Committee could vote on legislation calling for the Federal Reserve to move quickly to issue a ...
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Household debt tops $16 trillion
Aggregate household debt topped $16 trillion for the first time during the second quarter as high inflation caused mortgage and ...
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Delaware holding company buying Lead Bank
The Delaware-based bank holding company Luna Parent, Inc. is acquiring Kansas City, Mo.-based Lead Bank. According to a press release, ...
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Business loan standards tightened in the second quarter
Commercial and industrial loan standards tightened over the past three months, according to a Fed survey ...
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Two Wisconsin banks to merge
Two banks in southern Wisconsin will merge later this year. The Bank of New Glarus will buy the $191 million First ...
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People
Wayne Savings Community Bank promotes Fitzsimmons
Wooster, Ohio-based Wayne Savings Community Bank promoted Sean Fitzsimmons to agricultural and commercial lender. Fitzsimmons brings five years of experience ...
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Bank First hires vice president
Andrew Kittelson joined Manitowoc, Wis.-based Bank First as vice president-business banking. He has nearly three decades of banking experience in ...
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Reliabank names human resource director
Candis Almond joined Reliabank, Estelline, S.D., as human resource director. Almond has a bachelor’s degree in human resources from the ...
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Opinion
Considering ‘brand’ as a recruitment and retention tool
Bankers often think of the word “brand” in terms of customer acquisition, but when competition for talent is fierce, should ...
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Climate risk ahead? How your bank can prepare
Climate risk, or the risk that climate-related changes pose to financial institutions, is demanding more and more attention from researchers, ...
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High commodity prices can create sticky situations
This spring the Ag Press has been filled with breathless articles about the future direction of commodity prices. “Wheat Hits ...
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Community Relations
ICBM rebrands as BankIn Minnesota
The Independent Community Bankers of Minnesota has rebranded as BankIn Minnesota. According to the Edina, Minn.-based consulting firm Mercury Creative ...
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First Security Bank & Trust donates $2,500 to local food pantries
Charles City, Iowa-based First Security Bank & Trust made 10 donations of $250 each to north-central Iowa organizations, including: Amy’s ...
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The Stephenson National Bank & Trust awards $13K in scholarships
Marinette, Wis.-based The Stephenson National Bank & Trust awarded $13,000 in scholarships to 13 recent local high school graduates. The ...
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