Minnesota CEO elected chair of U.S. Faster Payments Council
Michael Bilski, CEO and chair of North American Banking Company, Roseville, Minn., was named chair of the U.S. Faster Payments Council. [Continue]
First Financial buys capital markets firm
Ohio’s First Financial Corp signed a deal to acquire Bannockburn Global Forex, LLC, a capital markets firm. Both are based in Cincinnati. [Continue]
Reg relief is pillar of FDIC chair’s agenda
FDIC Chair Jelena McWilliams stressed the importance of reg relief for community banks, saying she doesn’t think Basel should apply to them. [Continue]
Meloy to lead Wisconsin Bankers
Mark Meloy, CEO of First Business Bank, Madison, has been elected to serve as the 2019-2020 chair of the Wisconsin Bankers Association. [Continue]
Wintrust buying STC Capital Bank
Chicago’s Wintrust bank is adding to its footprint in the area with its acquisition of a bank on the western edge of the area. [Continue]
Purdue, Indiana banks join for banking concentration
Members of the Indiana banking community presented a donation of $135,000 to Purdue University Northwest at a PNW Banking Program Summit held in Hammond on May 24. [Continue]
United Iowa buys Heritage branches
Ida Grove-based United Bank of Iowa has signed a deal with Heritage Bank, N.A., Spicer, Minn., to purchase six of its offices in Iowa. [Continue]
Missouri banks merging
Kansas City-based Academy Bank has inked a deal to acquire KCB Bank, Gladstone, Mo. The $255 million KCB has four branches and a loan production office. [Continue]
Banks pull in $60.7 billion in the first quarter
Commercial banks and savings institutions reported net income of $60.7 billion in first quarter 2019, up $4.9 billion or 8.7 percent from a year earlier. [Continue]
CorTrust strengthens Minnesota foothold
Sioux Falls-based CorTrust Bank is beefing up its Minnesota presence with its deal to buy First Minnesota Bank, Minnetonka. [Continue]