Three of four banks restructuring farm loans
Almost three quarters of respondents to the monthly the Creighton University Rural Mainstreet Index survey have restructured farm loans to deal with weak farm income. [Continue]
Otting to leave OCC
Joseph Otting plans to resign from his position as Comptroller of the Currency. His last day will be May 29. [Continue]
Security Financial to buy Jackson County Bank
Durand, Wis.-based Security Financial Services Corporations has agreed with Wisconsin Bank Services, Inc., to acquire its subsidiary Jackson County Bank, Black River Falls, Wis. [Continue]
Businesses large and small brace for change
Christy Baker left her job in the banking industry in February to start a bank consulting firm and, with her husband, open Destination Coffee and Cuisine in Oakland, Iowa. She planned for the shop’s construction and inventory, and made scrupulous arrangements with her bank for her consulting kick-off. She did not expect, nor plan, to hold her first meeting as an operational strategist virtually. [Continue]
Otto Bremer Trust files amended counterclaim
The trustees of the Otto Bremer Trust, the 86 percent majority shareholder of Bremer Financial Corporation, filed amended counterclaims against BFC and seven of its directors in the ongoing Bremer Bank saga. [Continue]
DCI names first female president
Data Center Inc., Hutchinson, Kan., named Sarah Fankhauser the company’s first female president in its history, and announced its acquisition of the Vetter technology suite. [Continue]
Money laundering takes on unexpected meaning
The shift away from cash was already well underway before the pandemic caused Americans to become hypervigilant about the spread of pathogens. [Continue]
Community banking in the era of a pandemic
By the second week of March, bank lobbies across the nation shut their doors with rhythmic acceleration as the number of coronavirus cases shot up, and the nation’s heartbeat quickened. By the third week of March, banks with open doors became an anomaly. [Continue]
Progressive Ozark opening branch in Licking
Missouri’s Progressive Ozark Bank, Salem, is opening a branch in Licking, Mo., in a building formerly occupied by a branch of Landmark Bank. [Continue]
NBA names new officers
Chris Hove, president and CEO of Nebraska Bank of Commerce in Lincoln, has been elected chair of the Nebraska Bankers Association. Kirk Riley, president, CEO and chair of Waypoint Bank, Cozad, was named chair-elect. [Continue]