Wis. bank acquires office building for use during HQ remodel
Port Washington State Bank is acquiring the Port Harbor Center adjacent to its downtown headquarters in Port Washington, Wis. [Continue]
Northern Minnesota Bank celebrates 100 years in business
Woodland Bank, Grand Rapids, Minn., is celebrating its centennial anniversary in business with events sprinkled throughout the 2020 calendar year. [Continue]
Rural Mainstreet Index indicates continued expansion
A December 2019 report found that the economy in the central U.S. is continuing to expand, though the pace of growth has slowed. [Continue]
InBank launches new Denver LPO
InBank has opened a loan production office in the north Denver area. The new location at 7100 Broadway expand its reach along the U.S. 36 corridor. [Continue]
TCF Bank sells Arizona branches to CU
TCF Financial Corp., Detroit, exited the Arizona market when it sold seven branches in Phoenix to Alaska USA Federal Credit Union. [Continue]
St. Louis Fed’s Bullard discusses a “soft landing” in 2020
Federal Reserve Bank of St. Louis President James Bullard discussed a possibe “soft landing” for the economy following the GDP growth of previous years. [Continue]
Brainard urges retail, community development test as regulators revamp CRA
Federal Reserve governor Lael Brainard urged careful consideration of the Community Reinvestment Act proposal put forth by the FDIC and the OCC. [Continue]
Regulators discuss risk and opportunities of the hemp industry
Tony Cortilet, the noxious weed and cannabis program supervisor with the Minnesota Department of Agriculture, said there’s a lot of money in the hemp industry, but also a lot of risk. Cortilet also explained that producing CBD isn’t farmers’ only option. [Continue]
Iowa holding company buys 126 year old bank
Central Bancshares, Inc., Muscatine, Iowa, completed its purchase of Walcott Trust and Savings Bank of Walcott, Iowa in December. [Continue]
Bremer Trust says bank sale ‘only path forward’
The Otto Bremer trustees released a filing in response to Bremer Financial Corp.’s lawsuit, stating that the trust has the legal right to sell the bank. [Continue]