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Marti Rodamaker, president and CEO of First Citizens National Bank in Mason City, Iowa, and a past president of the Iowa Independent Bankers, was recently elected board chairman of the ICBA Services Network, the business services subsidiary of the Independent Community Bankers of America. Rodamaker has been First Citizens president since 1994 and is board … Read more
ABA says merger brings members new clout with lawmakers The merger of the American Bankers Association and America’s Community Bankers became official on Dec. 1 and ABA officials believe the combined groups will offer unity when dealing with Washington policymakers. The ABA-ACB merger, announced in June and approved by each association’s membership in October, creates … Read more
Fed cuts key rate, joins alliance to fight credit crunch The Federal Reserve cut the federal funds rate by one-quarter of a percentage point on Dec. 11, then announced on Dec. 12 that it will join the Bank of Canada, Bank of England, European Central Bank and Swiss National Bank to address “elevated pressures” in … Read more
Congratulations to the South Dakota Division of Banking, which received accreditation from the Conference of State Bank Supervisors on Oct. 31. CSBS performs a valuable service to the industry and to the country, by setting standards of professionalism for the state regulatory departments. South Dakota is the 46th state to be accredited since the accreditation … Read more
Credit quality issues? Sure, everyone inside and outside our industry is aware that there are plenty of credit concerns around us these days. [Continue]
The economic crystal ball for 2008 grows hazier by the day. For all the positive signs such as rising agricultural commodity and land prices, and consumer spending, negatives like the housing slowdown and lower levels of profits at big banks make some economists nervous. [Continue]
A South Dakota bank seeking to become an industry leader in the Great Plains region found a partner for its plans in an Australian bank that wants to extend its reach into U.S. agricultural lending. [Continue]