Kansas bank fails
Almena State Bank of Almena, Kan., was closed by the Kansas Office of the State Bank Commissioner on Friday. [Continue]
Earnings dip for active Indiana PPP lender
First Merchants, Muncie, Ind., reported income of $33 million for the second quarter compared to $41.1 million during the same period last year. [Continue]
First Midwest closing branches
Chicago’s First Midwest Bank is consolidating 17 branches early next year, or about 15 percent of its network. [Continue]
United Fidelity assumes deposits of Florida bank
First City Bank of Florida, Fort Walton Beach, was closed Oct. 16, and its deposits were assumed by United Fidelity Bank, Evansville, Ind. [Continue]
Kansas bank buoyed by agriculture
Landmark National Bank in Manhattan, Kan., posted a record $5.1 million earned in the second quarter, compared to $2.1 million the same period last year, based largely on the influx of PPP loans. [Continue]
Central ag states rebound as restaurants continue to struggle
Since falling to a record low in April, the Creighton University Rural Mainstreet Index has increased for six straight months, hitting a level it hasn’t seen since January. The overall index for October climbed above growth neutral 50.0 to 53.2 from September’s 46.9. [Continue]
Michigan bank group holding steady
Southern Michigan Bancorp, Coldwater, which operates three slightly different “Southern Michigan Bank” brands, earned $1.8 million in the second quarter. [Continue]
Indiana bank opens new branch, tweaks name
State Bank, Brownsburg, Ind., is opening a new office in Carmel, Ind., and adjusting its name to reflect its current footprint. [Continue]
Northwest closing Indiana branches
A Pennsylvania bank is closing 11 offices in Indiana as part of a broader network streamlining effort. [Continue]
Policy intervention ‘wouldn’t go to waste,’ Fed Chair says
Fed Chair Jerome Powell said insufficient policy intervention would lead to a weak recovery, creating unnecessary hardship. [Continue]