Chronicles

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]

Fewer credit delinquencies reflect strengthening economy

More people are paying off their debts in a timely manner, according to information released by the American Bankers Association for the fourth quarter. Closed-end loan delinquencies fell across the board, while bank card delinquencies showed significant decline as well. [Continue]

North Dakota bank purchases electronic payments processor

First International Bank & Trust, a $2.5 billion bank based in Watford City, N.D., has acquired InterceptEFT. Former owners Craig Dresser and Bryan Smith intend to stay with the Fargo, N.D.-based electronic payments processor, which serves some 74,000 companies across the country. [Continue]

A win for Wintrust at Marquette University

Marquette University announced it has entered into a corporate partnership with Chicago-based Wintrust Financial Corp., to offer banking services to Marquette students and the broader community. Under the agreement, Wintrust’s Wisconsin-based subsidiary, Town Bank, will become Marquette’s exclusive commercial and retail banking partner. [Continue]

BHCA expands with Kansas City owners’ seminar

Executing on a strategy to expand its membership and reach, the Bank Holding Company Association is preparing to host its first major seminar in a location other than the Twin Cities. The BHCA has teamed with the Stinson Leonard Street law firm and Bell Bank to present a one-day bank owners’ seminar called “Fundamentals of Success,” April 17. The event takes place in the conference center of the Stinson Leonard Street offices in downtown Kansas City, Mo. [Continue]