Chronicles

Deal gives QCR entry into Springfield, Mo. market

QCR Holdings, Inc., of Moline, Ill., is purchasing the Springfield, Mo.-based Springfield Bancshares, Inc., the holding company of Springfield First Community Bank. The deal was announced April 18. QCR Holdings will continue to operate SFC Bank retaining its separate charter and brand within the Springfield market. SFC Bank opened in 2008. [Continue]

Associated extends its minority, LMI lending program

Associated Bank, N.A., Green Bay, announced it will commit $2.4 billion in loans and investments in minority communities, low- to moderate-income communities, and small businesses throughout Wisconsin, Illinois and Minnesota between now and 2020. Highlights of what Associated calls its Community Commitment Plan include: [Continue]

Holding Company merges banks

Ameri Financial Group., Inc., of Stillwater, Minn., has merged its two banks into a single charter: Eagle Valley Bank of St. Croix Falls, Wis., has merged into First Resource Bank of Lino Lakes, Minn. First Resource Bank now has four offices and nearly $200 million in assets. [Continue]

Triumph Bancorp announces acquisitions, public offering

Triumph Bancorp, Inc., (TBK), Dallas, announced April 9 that it has signed definitive agreements to acquire First Bancorp of Durango, Inc., and Southern Colorado Corp. The company also announced the entry into an asset purchase agreement by Advance Business Capital d/b/a Triumph Business Capital to acquire the transportation factoring assets of Interstate Capital Corporation. [Continue]

Bankers report high expectations for 2018

Bankers see their businesses heating up — with expectations reaching new heights on overall economic conditions, according to Promontory Interfinancial Network’s Bank Executive Business Outlook Survey Report. Respondents’ answers to quarterly Bank Executive Business Outlook Surveys from 2017 shed light on bankers’ experiences over the past year and on what’s to come in 2018. [Continue]