Hawthorn sells Branson office
Jefferson City, Mo.-based Hawthorn Bank has sold a branch in Branson, Mo., to Branson Bank, Branson. The deal included $10.6 million in deposits. [Continue]
United Bankers’ Bank strikes deal to offer client banks new P2P payment app
United Bankers’ Bank, Bloomington, Minn., and North American Banking Company, a Twin Cities-area community bank, have received approval from the Federal Reserve to partner with Design Center Inc., a St. Paul, Minn.-based software development company, to form ExcheQ LLC, a joint venture to offer a white-label version of North American Banking Company’s ExcheQ person‐to‐person payment app. [Continue]
State Bank of Cross Plains to buy Union Bank & Trust
State Bank of Cross Plains, Wis., has agreed to acquire Union Bank & Trust Co., Evansville, Wis.The $259 million Union Bank and Trust has five locations. [Continue]
Building renovation symbol of WBA progress
The Wisconsin Bankers Association will undertake a major remodeling of its building in Madison, WBA President and CEO Rose Oswald Poels told bankers at the association’s Executives Conference earlier this month. [Continue]
Wisconsin’s top bank regulator outlines priorities
Kathy Blumenfeld said the DFI will promote financial literacy, work to protect senior citizens from financial fraud, help students gain affordable access to higher education, and foster economic development throughout the state. [Continue]
FDIC Chair prioritizes regulatory relief
The FDIC is working to reduce regulatory burden for community banks, said Chair Jelena McWilliams, who spoke to bankers and reporters in Milwaukee on Feb. 5. She said she is concerned about industry consolidation. Also, she said rules around brokered deposits should be updated, and that while deposit insurance premium rebates are forthcoming, details and timing remain uncertain. [Continue]
Lewis & Clark buying Clatsop
A pair of Oregon banks are merging. Lewis & Clark Bank will acquire Clatsop Community Bank In a cash and stock transaction worth $15 million. [Continue]
Ohio CU buys bank branch
Evansville, Ind.-based United Fidelity Bank is selling its only branch in Ohio to Superior Credit Union, Lima, Ohio. The branch, located at at 411 Ludlow Avenue in Cincinnati, comes with $19 million in deposits. The deal brings Superior CU’s total branches to 22, all in Ohio, and will close in the second quarter. [Continue]
Missouri bank launches national online banking platform
MidWest BankCentre has launched a digital platform offering market-leading financial products with competitive interest rates to consumers nationwide. [Continue]
Bankers’ Bank unveils ‘Shop Local’ credit card rewards program
A consumer credit card program that rewards shoppers who buy from locally-owned businesses has been introduced by Bankers’ Bank, Madison, Wis. The program, called Community Rewards Network for Credit Cards, is the bank’s first foray into consumer credit cards, said Robert Jarosinski, vice president, BankCards & Payments. “We’ve had a business credit card program for a couple of decades, but leadership was looking to start a consumer credit card product to complement the business credit card program.” [Continue]