Attentive employees stop fraud

Attentive employees stop fraud

/ Operations
I had an experience recently where an eagle-eyed operations employee at Prime Security Bank in Eagan, Minn., prevented a series of fraudulent checks from going through when she noticed that the signature on the checks did not match the signatures on the signature card ...
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Community banks operate against the tide of bad behavior

Community banks operate against the tide of bad behavior

/ Leadership
If you don’t believe we live in an angry, cynical world, wade on over to Twitter for a half an ...
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Bankers back CECL delay, FHFA offers relief

Bankers back CECL delay, FHFA offers relief

/ Chronicles
The FDIC Chairman Jelena McWilliams sent a letter March 19 to the Financial Accounting Standards Board urging a delay in ...
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Leadership provides deeper look into recent major deals

Leadership provides deeper look into recent major deals

/ Leadership
Comments from two bankers speaking at the annual Acquire or Be Acquired conference piqued my interest. Jim Ryan, CEO of ...
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Chronicles

Federal agencies offer reg relief to small banks

/ Chronicles
Federal agencies are extending grace periods for submitting documents and encouraged small-dollar lending as economic conditions remain uncertain ...
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Stimulus package approved, bank exams reduced

/ Chronicles
The White House and the senate reached an agreement on a coronavirus stimulus package on March 25, which aims to ...
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Regulators approve Square’s ILC application, face opposition

/ Chronicles
Federal regulators approved an industrial loan company application from Square, Inc., despite opposition from an FDIC board member and the ...
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Regulators incentivise customer, small business support

/ Chronicles
Federal agencies have encouraged bankers to support customers and small businesses as the economic impacts of COVID-19 continue to develop ...
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SBA to fund small business disaster loans in MN, WI

/ Chronicles
On March 21, the U.S. Small Business Administration announced that small businesses adversely impacted by the coronavirus in Minnesota and ...
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Rural banker confidence plummets

/ Chronicles
The Creighton University Rural Mainstreet Index plummeted in March to its lowest level since 2016, taking its biggest one-month decline ...
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People

FPC names new executive director

/ Promotions & New Hires
The U.S. Faster Payments Council named Reed Luhtanen, payments expert and industry veteren, as its executive director on March 25 ...
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Stearns Bank names new director

/ Directorships
Kathy Persian has joined the board of Stearns Bank N.A., St. Cloud, Minn. She is SVP/CIO for Schwan's Company, Bloomington, ...
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Minnesota Bank & Trust names president

/ Promotions & New Hires
Stephen Bishop was named president and CEO of Minnesota Bank & Trust, Edina, succeeding Ken Brooks ...
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Opinion

Crisis response should be practical, empathetic

/ Opinion
In these uncertain times, questions swirl among community bankers about the best way to support their customers and communities through ...
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AI deployed as CRM tool for wealth managers

/ Technology
Practifi is a Chicago startup developing business management tools for financial institutions and wealth advisors. Adrian Johnstone and Glenn Elliott, ...
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Does your bank have a remote work plan?

/ Operations
All banks are required to assess the risk of a pandemic to their business and have a plan to address ...
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Community Relations

Banks respond to crisis, invest in communities

/ Community Relations
Banks in Iowa and Minnesota announced new programs and donations which will benefit employees and community members during the COVID-19 ...
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Park Financial to set up emergency loan fund

/ Community Relations
Minneapolis-based Park Financial Group announced an emergency loan fund of approximately $30 million to help local businesses impacted by the ...
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Ames bank holds blood drive

/ Community Relations
First National Bank in Ames, Iowa, is helping its community by hosting a blood drive in partnership with LifeSere Blood ...
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